National Healthcare Through Medicare
One out of every Seven or Eight people in the United States does not have health care coverage.
How do we get the funds for a National Healthcare System? We have an untapped source.
Our taxpayer works a year, pays his taxes on his earnings and has the right to spend those funds. But what if he does not spend his earnings? Instead an estate is created, funds are accumulated. The funds require additional federal government services.
At the present time our government has only taxed such estates upon transfer, at death of the taxpayer. There are many who believe that this is double taxation. This is not correct. A person who earns money and spends it has no further tax to pay. But, one who builds and estate is using federal government services to protect that estate.
Our National Wealth is in excess of 66 Trillion. A tax of 2% should bring in enough to cover our needs. In fact, it would probably be closer to 1% because we are already collecting Medicare funds. The reduction in record keeping, the elimination of collection expenses, a one payor system and getting our overweight people to take care of themselves would greatly reduce the percentage. Our income tax expense would be reduced because we would eliminate much of Medicaid. Businesses would no longer have to supply coverage for its employees. People would pay an estate tax, but they would have a smaller medical expense (Medicare pays 80%, so they would still have a 20% liability remaining).
But, please remember that you are getting health coverage, so that you should think of this as an insurance premium, rather than a tax, at least for the first $ 5,000 if one has to pay that much.
Revised: May 4, 2013
Our National Wealth had dropped, but I am happy to report it is back to a higher figure when I first wrote this article, which is quite some time ago.
1. Status of the Social Security and Medicare Programs. A summary of the annual reports.
2. Balance Sheet of Households and Nonprofit Organizations
B.100 Balance Sheet Of Households and Nonprofit Organizations (1)
My Novellette: "Ode to the Revenue Code, A Novellette" is on sale at both Barnes and Noble and at Amazon.
The dictionary spells Novellette with one L but I believe it looks better with two.
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|Ode to the Revenue Code||Award by French Government
Chevalier de Merite agricole.
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On sale at
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|Middle East Solution||Ode to the Revenue Code
|A Blog for National
Healthcare Through Medicare;
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2. Budget Cutting Puts the
Economy into Reverse.
3. I Learned How To Invest.
4. National Healthcare Through
|We Can Have National
using our National Wealth.
|Check this also|
|and this possible result
an income tax
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Economics in Songs.
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5. You Helped Me Grow.