Biden says he'll raise all the money needed by taxing anyone making over $400,000 a year.

[danielpalos]

..they already pay MORE than their share
MORE taxes is going to kill the US

The Poor don't pay enough in taxes and need their wages raised.

the poor are stupid and deserve NOTHING

You Are the Problem, right wingers.

.....give them more $$ and they still will be poor because they make poor decisions..you can't fix stupid

How nanny-statist of you. Why do you care as long as they circulate capital under capitalism and pay more in taxes?

 

[danielpalos]

There will be no problem since he can promise that GDP growth will be 5% a year...

What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?

Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?

www.marketwatch.com

So how does Biden pay for it...

Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.

Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion

Education pays off in increased tax revenue. It also drives an economy...

The return to investment in education - OECD

Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...

www.oecd.org

Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...

Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...


This is all better than ploughing the money in to hole in the dessert. $2.4 billion.

Financial cost of the Iraq War - Wikipedia

en.wikipedia.org

.

You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!

the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.

Who Actually Earns $400,000 Per Year?

The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.

Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
View attachment 379079

So? Increase the cost of the meals or do you think that people will stop eating at restaurants?

Why would that be, right wingers, when Labor can afford to create more in Demand and pay more in Taxes?

 

[danielpalos]

There will be no problem since he can promise that GDP growth will be 5% a year...

What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?

Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?

www.marketwatch.com

So how does Biden pay for it...

Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.

Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion

Education pays off in increased tax revenue. It also drives an economy...

The return to investment in education - OECD

Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...

www.oecd.org

Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...

Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...


This is all better than ploughing the money in to hole in the dessert. $2.4 billion.

Financial cost of the Iraq War - Wikipedia

en.wikipedia.org

.

You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!

the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.

Who Actually Earns $400,000 Per Year?

The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.

Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
View attachment 379079

lol. Nobody takes right wingers seriously about economics. Labor costs are only 3.6 percent in your own list.

NO YOU dummy!
So if the salary and wages are doubled... then dummy Labor costs will become 30% not 15.1% from that list
MORE proof dummy which you evidently don't know how to use the internet to find out FACTS!!!

the average labor cost generated by front- and back-of-the-house positions across all restaurant categories comprises 30.5 percent of sales revenue What Is Normal for a Restaurant's Labor Cost Percentage?

Restaurateurs commonly aim to keep labor costs between 20% and 30% of gross revenue.

How to Efficiently Manage Labor Costs for Your Restaurant

Are you looking to get on top of your restaurant labor costs? Check out our latest blog with tips on how to efficiently calculate and manage the cost of labor in your restaurant.

upserve.com

Restaurants whose average ticket totals between $15 and $25 typically spend 33.2 percent of gross sales on labor expenses.

Food Service Industry: Labor Cost Standards

Food Service Industry: Labor Cost Standards. Labor can be one of the highest expenses that a food service business incurs. Restaurants and food processors must pay employees to prepare food and then to get it to customers, either by serving tables or by delivering packaged product at a wholesale...

yourbusiness.azcentral.com

View attachment 379136
View attachment 379135

Minimum wage labor is not the whole labor force.

 

[danielpalos]

Raise the minimum wage until the Poor pay their fair capital share of the tax burden!

There should be no upper limit to markets.

What? That might be the most clueless post of the day! People that make minimum wage don't pay Federal taxes, Daniel! So you think you can raise their wages to the point where they do and that will fix the deficit problem? You don't really know much about economics...do you?

Why don't you learn simple English and then respond? They would be paying taxes if you raise the wage enough. Nobody takes right wingers seriously about economics, the law, morals, or politics. Right Wing fantasy is all they seem to know and understand.

So you're going to give them more money in order to take it away? That works in your economic model? Do yourself a favor...read Thomas Sowell's book on economics...specifically the chapter on minimum wage policy.

Simple math, right wingers. Even more difficult than simple English, right wingers.

Never took a single Economic class...did you, Daniel?

You never had a valid argument for rebuttal did you, Oldstyle.

 

[danielpalos]

And so idiots like those of you supporting a $15.00 minimum wage just don't understand.... way to destroy people's lives!
This is a peculiar and challenging time for us all. But no other industry is suffering more than our restaurant industry. “The economy stands to lose 4% of GDP without immediate assistance to local restaurants,” notes theIndependent Restaurant Coalition. Luckily, the industry is full of creative, imaginative individuals who are pivoting to meet the needs of our current crisis.

How Restaurants Are Innovating During The COVID-19 Pandemic

Some restaurants and bars are shifting their business models to match the current demand for “shelter in place” eating experiences. Here are just a few examples of how fine-dining, fast-casual, and other establishments are meeting the current moment with new concepts and rapid innovation.

www.forbes.com

How does paying Labor more destroy people's lives? Anyone who knows anything about economics understand a positive multiplier effect.

 

[danielpalos]

..they already pay MORE than their share
MORE taxes is going to kill the US

Class Warfare: 'The 'rich' who have more than you need to have their money taken and given to you.....everyone should make / have the same....the incentive for no one to work....socialism.


"...we have free shit."


.

Raise the minimum wage until the Poor pay their fair capital share!

I'd almost like to see the left try this just to hear the HOWLS of indignation when the POOR get a bill in the mail from the IRS for the taxes they owe!

lol. They want to be taken as seriously as the Rich.

 

[danielpalos]

..they already pay MORE than their share
MORE taxes is going to kill the US

Class Warfare: 'The 'rich' who have more than you need to have their money taken and given to you.....everyone should make / have the same....the incentive for no one to work....socialism.


"...we have free shit."


.

Raise the minimum wage until the Poor pay their fair capital share!

Now, now, don't start that whole thing back up again, Daniel. You've been taken to school so many times they don't even have to write your name down.

You need valid arguments not appeals to ignorance to convince me.

 

[my2¢]

I hate to tell you all but about those lottery winnings I expect coming my way and which I plan to spread around, that increase in the top rate by 4.6%, well, it'll be coming out of your share.

 

[Dragonlady]

Healthcare plan: $750 billion
Biden wants to expand Obamacare significantly by increasing its subsidies and creating a government-run plan that would erode private insurance over time.

So here is what will happen if Biden as part of his $6 Trillion expenditures is to "erode private insurance"...
There are 907 private health insurance companies that cover 49% of all Americans.
These companies employ over 500,000 people that average $40,000 a year in salaries.
These companies pay over $100 BILLION a year in Federal/state and local taxes to communities where they have offices.
COSTS for eliminating 907 private insurance companies:
500,000 people and employers pay on average 12.4% of salaries in payroll taxes or: $2.48 Billion a year in LOST Federal payroll taxes.
500,000 people on unemployment for 26 weeks at $400/week or $5.2 billion PAID OUT to these people... was that cost figured?
Now these 907 companies pay $100 billion a year in federal/state/local/property taxes... GONE.

So if the above over $100 billion in tax revenue is eliminated and $5.2 billion going out for unemployment... where will the $6 Trillion Biden will spend come from?

Countries with government funded health care spend half what the US spends and they have better outcomes, and a healthier population.

More than 30% of ever dollar Americans spend on healthcare goes to “administration and billing”. In single payer countries that figure is closer to 5%. Just the savings in premiums payable to private insurance being reduced to eliminate the profit factor would save Americans so much aggravation and money.

you just admitted the government involvement is our problem,,,

admin and billing costs are due to gov regs,,,

If government were the “problem” then the government run programs wouldn’t be cheaper than private insurance now would it?

Government regulation and oversight of the insurance industry wouldn’t be necessary if there weren’t so many dishonest companies looking to stiff policy holders and deny coverage.

Pre-approvals, co-pays, and denials if claim all slow down the system and add costs, none of which is going to patient care.

Single payer systems return patient care to the primary care physician. He/She determines your course of treatment, cutting time arranging treatment, and eliminating pre-approvals in nearly all cases.

My family doctor’s receptionist does his billing - a once per month bill submitted to OHIP. There are no co-pays. One and done. No third party billing company. What my doctor earns, he keeps. No collection fees or bad debt write offs.

No medical bankruptcies either, since medical bills aren’t a factor in bankruptcies.

 

[hadit]

..they already pay MORE than their share
MORE taxes is going to kill the US

Class Warfare: 'The 'rich' who have more than you need to have their money taken and given to you.....everyone should make / have the same....the incentive for no one to work....socialism.


"...we have free shit."


.

Raise the minimum wage until the Poor pay their fair capital share!

Now, now, don't start that whole thing back up again, Daniel. You've been taken to school so many times they don't even have to write your name down.

You need valid arguments not appeals to ignorance to convince me.

Here's the thing. You've been presented with those arguments over and over again, and over and over again you have failed to counter them in any meaningful way. Yet you continue regurgitating the same failed arguments, over and over again. You close your ears and eyes and ignore anything that runs counter to your chosen narrative.

 

[danielpalos]

..they already pay MORE than their share
MORE taxes is going to kill the US

Class Warfare: 'The 'rich' who have more than you need to have their money taken and given to you.....everyone should make / have the same....the incentive for no one to work....socialism.


"...we have free shit."


.

Raise the minimum wage until the Poor pay their fair capital share!

Now, now, don't start that whole thing back up again, Daniel. You've been taken to school so many times they don't even have to write your name down.

You need valid arguments not appeals to ignorance to convince me.

Here's the thing. You've been presented with those arguments over and over again, and over and over again you have failed to counter them in any meaningful way. Yet you continue regurgitating the same failed arguments, over and over again. You close your ears and eyes and ignore anything that runs counter to your chosen narrative.

Isn't right wing fantasy wonderful. Y'all need valid arguments not appeals to ignorance or continuance, diversion, and other forms of fallacies.

 

[healthmyths]

And so idiots like those of you supporting a $15.00 minimum wage just don't understand.... way to destroy people's lives!
This is a peculiar and challenging time for us all. But no other industry is suffering more than our restaurant industry. “The economy stands to lose 4% of GDP without immediate assistance to local restaurants,” notes theIndependent Restaurant Coalition. Luckily, the industry is full of creative, imaginative individuals who are pivoting to meet the needs of our current crisis.

How Restaurants Are Innovating During The COVID-19 Pandemic

Some restaurants and bars are shifting their business models to match the current demand for “shelter in place” eating experiences. Here are just a few examples of how fine-dining, fast-casual, and other establishments are meeting the current moment with new concepts and rapid innovation.

www.forbes.com

How does paying Labor more destroy people's lives? Anyone who knows anything about economics understand a positive multiplier effect.

Hey you are right. When no other costs can be contained, (see attached) i.e. all the below including salaries and wages (15.1%) time for the robots. That is the solution because all the other costs are already low. The 2nd largest cost would totally skyrocket at a minimum wage of $15.00/hour. So the costs of a robot meal server is about Chinese restaurants started to replace their workers with robots as early as 2006. Though some have proven pretty incompetent, they're still cheaper than human wait staff — the approximate $1,200 up-front cost per robot is just a couple months' salary for an average server in China (though robot prices vary).

Restaurants in China are replacing waiters with robots

Robots have been popping up in Chinese restaurants for nearly 10 years. Here are a few businesses that have replaced their wait staff and prep cooks with automated workers.

www.businessinsider.com

The robot wait staff costs drop considerably compared to humans.
So you are right.

 

[progressive hunter]

Healthcare plan: $750 billion
Biden wants to expand Obamacare significantly by increasing its subsidies and creating a government-run plan that would erode private insurance over time.

So here is what will happen if Biden as part of his $6 Trillion expenditures is to "erode private insurance"...
There are 907 private health insurance companies that cover 49% of all Americans.
These companies employ over 500,000 people that average $40,000 a year in salaries.
These companies pay over $100 BILLION a year in Federal/state and local taxes to communities where they have offices.
COSTS for eliminating 907 private insurance companies:
500,000 people and employers pay on average 12.4% of salaries in payroll taxes or: $2.48 Billion a year in LOST Federal payroll taxes.
500,000 people on unemployment for 26 weeks at $400/week or $5.2 billion PAID OUT to these people... was that cost figured?
Now these 907 companies pay $100 billion a year in federal/state/local/property taxes... GONE.

So if the above over $100 billion in tax revenue is eliminated and $5.2 billion going out for unemployment... where will the $6 Trillion Biden will spend come from?

Countries with government funded health care spend half what the US spends and they have better outcomes, and a healthier population.

More than 30% of ever dollar Americans spend on healthcare goes to “administration and billing”. In single payer countries that figure is closer to 5%. Just the savings in premiums payable to private insurance being reduced to eliminate the profit factor would save Americans so much aggravation and money.

you just admitted the government involvement is our problem,,,

admin and billing costs are due to gov regs,,,

If government were the “problem” then the government run programs wouldn’t be cheaper than private insurance now would it?

Government regulation and oversight of the insurance industry wouldn’t be necessary if there weren’t so many dishonest companies looking to stiff policy holders and deny coverage.

Pre-approvals, co-pays, and denials if claim all slow down the system and add costs, none of which is going to patient care.

Single payer systems return patient care to the primary care physician. He/She determines your course of treatment, cutting time arranging treatment, and eliminating pre-approvals in nearly all cases.

My family doctor’s receptionist does his billing - a once per month bill submitted to OHIP. There are no co-pays. One and done. No third party billing company. What my doctor earns, he keeps. No collection fees or bad debt write offs.

No medical bankruptcies either, since medical bills aren’t a factor in bankruptcies.

youre leaving out the higher tax rate,,,

 

[Nostra]

There will be no problem since he can promise that GDP growth will be 5% a year...

What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?

Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?

www.marketwatch.com

So how does Biden pay for it...

Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.

Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion

Education pays off in increased tax revenue. It also drives an economy...

The return to investment in education - OECD

Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...

www.oecd.org

Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...

Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...


This is all better than ploughing the money in to hole in the dessert. $2.4 billion.

Financial cost of the Iraq War - Wikipedia

en.wikipedia.org

.

You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!

the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.

Who Actually Earns $400,000 Per Year?

The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.

Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
View attachment 379079

lol. Nobody takes right wingers seriously about economics. Labor costs are only 3.6 percent in your own list.

NO YOU dummy!
So if the salary and wages are doubled... then dummy Labor costs will become 30% not 15.1% from that list
MORE proof dummy which you evidently don't know how to use the internet to find out FACTS!!!

the average labor cost generated by front- and back-of-the-house positions across all restaurant categories comprises 30.5 percent of sales revenue What Is Normal for a Restaurant's Labor Cost Percentage?

Restaurateurs commonly aim to keep labor costs between 20% and 30% of gross revenue.

How to Efficiently Manage Labor Costs for Your Restaurant

Are you looking to get on top of your restaurant labor costs? Check out our latest blog with tips on how to efficiently calculate and manage the cost of labor in your restaurant.

upserve.com

Restaurants whose average ticket totals between $15 and $25 typically spend 33.2 percent of gross sales on labor expenses.

Food Service Industry: Labor Cost Standards

Food Service Industry: Labor Cost Standards. Labor can be one of the highest expenses that a food service business incurs. Restaurants and food processors must pay employees to prepare food and then to get it to customers, either by serving tables or by delivering packaged product at a wholesale...

yourbusiness.azcentral.com

View attachment 379136
View attachment 379135

Minimum wage labor is not the whole labor force.

Why don't we just pay everyone $1000/hr?

 

[Missouri_Mike]

..they already pay MORE than their share
MORE taxes is going to kill the US

Class Warfare: 'The 'rich' who have more than you need to have their money taken and given to you.....everyone should make / have the same....the incentive for no one to work....socialism.


"...we have free shit."


.

Raise the minimum wage until the Poor pay their fair capital share!

....that's STUPID---how about we pay ditch diggers the same as the BLACK NBA players?

Projecting much, right winger. Nobody takes the right wing seriously about economics.

Funny how ya always the left wing economies that fail.

 

[Indeependent]

Raise the minimum wage until the Poor pay their fair capital share of the tax burden!

There should be no upper limit to markets.

Ask your local pizza store owner how much he can pay his unskilled workers until he has to close the business.

 

[Indeependent]

There will be no problem since he can promise that GDP growth will be 5% a year...

What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?

Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?

www.marketwatch.com

So how does Biden pay for it...

Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.

Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion

Education pays off in increased tax revenue. It also drives an economy...

The return to investment in education - OECD

Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...

www.oecd.org

Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...

Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...


This is all better than ploughing the money in to hole in the dessert. $2.4 billion.

Financial cost of the Iraq War - Wikipedia

en.wikipedia.org

.

You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!

the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.

Who Actually Earns $400,000 Per Year?

The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.

Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
View attachment 379079

lol. Nobody takes right wingers seriously about economics. Labor costs are only 3.6 percent in your own list.

NO YOU dummy!
So if the salary and wages are doubled... then dummy Labor costs will become 30% not 15.1% from that list
MORE proof dummy which you evidently don't know how to use the internet to find out FACTS!!!

the average labor cost generated by front- and back-of-the-house positions across all restaurant categories comprises 30.5 percent of sales revenue What Is Normal for a Restaurant's Labor Cost Percentage?

Restaurateurs commonly aim to keep labor costs between 20% and 30% of gross revenue.

How to Efficiently Manage Labor Costs for Your Restaurant

Are you looking to get on top of your restaurant labor costs? Check out our latest blog with tips on how to efficiently calculate and manage the cost of labor in your restaurant.

upserve.com

Restaurants whose average ticket totals between $15 and $25 typically spend 33.2 percent of gross sales on labor expenses.

Food Service Industry: Labor Cost Standards

Food Service Industry: Labor Cost Standards. Labor can be one of the highest expenses that a food service business incurs. Restaurants and food processors must pay employees to prepare food and then to get it to customers, either by serving tables or by delivering packaged product at a wholesale...

yourbusiness.azcentral.com

View attachment 379136
View attachment 379135

Minimum wage labor is not the whole labor force.

Why don't we just pay everyone $1000/hr?

Sounds good to me.
Of course, a loaf of bread will cost 10K.

 

[Missouri_Mike]

Healthcare plan: $750 billion
Biden wants to expand Obamacare significantly by increasing its subsidies and creating a government-run plan that would erode private insurance over time.

So here is what will happen if Biden as part of his $6 Trillion expenditures is to "erode private insurance"...
There are 907 private health insurance companies that cover 49% of all Americans.
These companies employ over 500,000 people that average $40,000 a year in salaries.
These companies pay over $100 BILLION a year in Federal/state and local taxes to communities where they have offices.
COSTS for eliminating 907 private insurance companies:
500,000 people and employers pay on average 12.4% of salaries in payroll taxes or: $2.48 Billion a year in LOST Federal payroll taxes.
500,000 people on unemployment for 26 weeks at $400/week or $5.2 billion PAID OUT to these people... was that cost figured?
Now these 907 companies pay $100 billion a year in federal/state/local/property taxes... GONE.

So if the above over $100 billion in tax revenue is eliminated and $5.2 billion going out for unemployment... where will the $6 Trillion Biden will spend come from?

Countries with government funded health care spend half what the US spends and they have better outcomes, and a healthier population.

More than 30% of ever dollar Americans spend on healthcare goes to “administration and billing”. In single payer countries that figure is closer to 5%. Just the savings in premiums payable to private insurance being reduced to eliminate the profit factor would save Americans so much aggravation and money.

you just admitted the government involvement is our problem,,,

admin and billing costs are due to gov regs,,,

If government were the “problem” then the government run programs wouldn’t be cheaper than private insurance now would it?

Government regulation and oversight of the insurance industry wouldn’t be necessary if there weren’t so many dishonest companies looking to stiff policy holders and deny coverage.

Pre-approvals, co-pays, and denials if claim all slow down the system and add costs, none of which is going to patient care.

Single payer systems return patient care to the primary care physician. He/She determines your course of treatment, cutting time arranging treatment, and eliminating pre-approvals in nearly all cases.

My family doctor’s receptionist does his billing - a once per month bill submitted to OHIP. There are no co-pays. One and done. No third party billing company. What my doctor earns, he keeps. No collection fees or bad debt write offs.

No medical bankruptcies either, since medical bills aren’t a factor in bankruptcies.

youre leaving out the higher tax rate,,,

They always leave that out. If everyone just paid a 100% tax rate it would be paradise.

 

[Nostra]

Healthcare plan: $750 billion
Biden wants to expand Obamacare significantly by increasing its subsidies and creating a government-run plan that would erode private insurance over time.

So here is what will happen if Biden as part of his $6 Trillion expenditures is to "erode private insurance"...
There are 907 private health insurance companies that cover 49% of all Americans.
These companies employ over 500,000 people that average $40,000 a year in salaries.
These companies pay over $100 BILLION a year in Federal/state and local taxes to communities where they have offices.
COSTS for eliminating 907 private insurance companies:
500,000 people and employers pay on average 12.4% of salaries in payroll taxes or: $2.48 Billion a year in LOST Federal payroll taxes.
500,000 people on unemployment for 26 weeks at $400/week or $5.2 billion PAID OUT to these people... was that cost figured?
Now these 907 companies pay $100 billion a year in federal/state/local/property taxes... GONE.

So if the above over $100 billion in tax revenue is eliminated and $5.2 billion going out for unemployment... where will the $6 Trillion Biden will spend come from?

Countries with government funded health care spend half what the US spends and they have better outcomes, and a healthier population.

More than 30% of ever dollar Americans spend on healthcare goes to “administration and billing”. In single payer countries that figure is closer to 5%. Just the savings in premiums payable to private insurance being reduced to eliminate the profit factor would save Americans so much aggravation and money.

you just admitted the government involvement is our problem,,,

admin and billing costs are due to gov regs,,,

If government were the “problem” then the government run programs wouldn’t be cheaper than private insurance now would it?

Government regulation and oversight of the insurance industry wouldn’t be necessary if there weren’t so many dishonest companies looking to stiff policy holders and deny coverage.

Pre-approvals, co-pays, and denials if claim all slow down the system and add costs, none of which is going to patient care.

Single payer systems return patient care to the primary care physician. He/She determines your course of treatment, cutting time arranging treatment, and eliminating pre-approvals in nearly all cases.

My family doctor’s receptionist does his billing - a once per month bill submitted to OHIP. There are no co-pays. One and done. No third party billing company. What my doctor earns, he keeps. No collection fees or bad debt write offs.

No medical bankruptcies either, since medical bills aren’t a factor in bankruptcies.

Funny how big wigs from your shithole country flee your healthcare system for the USA's when they need surgery, huh?

 

[danielpalos]

And so idiots like those of you supporting a $15.00 minimum wage just don't understand.... way to destroy people's lives!
This is a peculiar and challenging time for us all. But no other industry is suffering more than our restaurant industry. “The economy stands to lose 4% of GDP without immediate assistance to local restaurants,” notes theIndependent Restaurant Coalition. Luckily, the industry is full of creative, imaginative individuals who are pivoting to meet the needs of our current crisis.

How Restaurants Are Innovating During The COVID-19 Pandemic

Some restaurants and bars are shifting their business models to match the current demand for “shelter in place” eating experiences. Here are just a few examples of how fine-dining, fast-casual, and other establishments are meeting the current moment with new concepts and rapid innovation.

www.forbes.com

How does paying Labor more destroy people's lives? Anyone who knows anything about economics understand a positive multiplier effect.

Hey you are right. When no other costs can be contained, (see attached) i.e. all the below including salaries and wages (15.1%) time for the robots. That is the solution because all the other costs are already low. The 2nd largest cost would totally skyrocket at a minimum wage of $15.00/hour. So the costs of a robot meal server is about Chinese restaurants started to replace their workers with robots as early as 2006. Though some have proven pretty incompetent, they're still cheaper than human wait staff — the approximate $1,200 up-front cost per robot is just a couple months' salary for an average server in China (though robot prices vary).

Restaurants in China are replacing waiters with robots

Robots have been popping up in Chinese restaurants for nearly 10 years. Here are a few businesses that have replaced their wait staff and prep cooks with automated workers.

www.businessinsider.com

The robot wait staff costs drop considerably compared to humans.
So you are right.

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You own list show Labor costs at 3.6 percent. Where are you getting your point of view from?

And, who cares if robots replace minimum wage jobs; less problems with pandemics in the future. With equal protection of the laws, Persons could obtain unemployment compensation for simply being unemployed in our at-will employment States. We should have no homeless problem in our first world economy. Persons could then go to school as long as they want to command a better wage or simply learn how to invest on an at-will basis; after ten years or so, they could probably become rich (enough).