Elizabeth Warren’s unrealistic funding plan for Medicare for All received plenty of criticism from her opponents – but it’s also taking heat from her own prominent supporters.
November 8, 2019
Even Elizabeth Warren’s Own Supporters Are Casting Doubt on Her Radical Proposals
Elizabeth Warren’s unrealistic funding plan for Medicare for All received plenty of criticism from her opponents – but it’s also taking heat from her own prominent supporters.
Reuters: A leading economist who vouched for Democratic presidential candidate Elizabeth Warren’s healthcare reform plan told Reuters on Thursday he doubts its staggering cost can be fully covered alongside her other government programs.
He didn’t stop there. The same economist also joined The Wall Street Journal Editorial Board in slamming Warren’s proposed “wealth tax,” which has failed in countless European countries over the last several decades.
Mark Zandi, chief economist at Moody’s Analytics, also voiced skepticism that the wealth tax provision in Warren’s plan – a key funding mechanism – will produce predicted levels of revenue because those targeted by the tax will seek to dodge it.
Nonpartisan studies have repeatedly shown that implementing Medicare for All without raising middle class taxes is virtually impossible. Instead of accepting that fact, Warren has doubled down with fairy tale funding proposals in an effort to mislead everyday Americans.