Ocasio-Cortez’s $40 trillion answer to the question

Do you want to know what a Democratic Socialist has planned for “saving our country a lot of money?” Here’s the $40 trillion answer. According to congressional candidate Alexandria Ocasio-Cortez, spending $40 trillion will save us money. Her top agenda items are student loan debt forgiveness, free education, public housing, and single-payer healthcare – all of which would cost a lot of money and would not produce wealth for the country. How exactly would the plan save us money? We don’t know, and neither does Ocasio-Cortez.

CNN’s Jake Tapper asked twice how she would pay for her plan and twice she couldn’t answer:

Her plan suggests that increasing taxes on the “very wealthy” and adding a corporate tax would cover for $2 trillion over the next ten years. What about the other $38 trillion? $32 trillion would be spent on single-payer healthcare, a system that does the exact opposite of saving money. When you turn healthcare over to government control rather than a market-based system, the money disappears – fast!

With a single-payer system, the taxpayers foot the bill and receive a system plagued with cost overruns, inefficiencies, fewer high-quality doctors, and longer wait times. If it were implemented, it would greatly increase the need for tax revenue, and a lot of it. Consider nursing homes, other medical programs, prescriptions, and all specialty practice roped into the single-payer system, and the price goes up.

Does that mean the system will be financed by a payroll tax option, a value-added tax, or another tax that hides the fact that this system isn’t “free”?

Ocasio-Cortez, should really consider how all of this can come together and how much the American people would pay for her socialize government programs.

Share this article with your Local Group

Select Group Name: