Quote (ofthevoid @ Feb 21 2020 01:26pm)

Maybe, maybe not. If this was the case you would have at least a portion of businesses being 'for' it but you really don't. Most businesses hate taxes, regardless of what potential benefits there are.

I can just imagine this scenario.

You're 55. You have a 1 million dollar nest egg in your 401k between you and your wife. You expect a 7-10% return. You pay 5000/year for healthcare.

Now Barnie is elected. Right off the bat stock market drops 20% because we all know what Bernie plans to do. Your portfolio just got wiped for 200,000 grand. Not only that but now you only expect 5-7% yearly returns because there's higher taxes and regulations on businesses, probably even lower because now barnie wants to mandate higher minimum wage laws, carbon tax, etc.

...but you're saving 5,000 grand in healthcare only to give it back in the tax increases...

like who wants this? And this is a pretty typical middle class scenario.



You guys probably have a 401k as well. Does that 8000/year out weigh the hit you'll take on your portfolio and 4-8 years of lower expected average returns?

and that 8000 wouldn't actually be a saving because a portion, lets say 6000 k would be a tax increase

so does a 3500/year savings in healthcase costs out weigh your portfolio hit and expected return? I'd put money on that it doesn't.

Quote (Thor123422 @ Feb 21 2020 01:45pm)

Nah, just look at the historical data. It will recover and follow virtually the same line as if it was never touched.

Even in 2008 the Dow dips and then hops back up and goes right along chugging.

Still, youre just wildly speculating. Having guaranteed access to healthcare would have a lot of benefits for the economy. Guaranteed access to healthcare makes it easier for individuals to take business risks for example. We really just won't know the wider effects.

Quote (Surfpunk @ Feb 21 2020 02:53pm)

The tendency of the market to balance itself out over time notwithstanding, I would expect a pay increase from my employer if M4A went into effect, as the part of my insurance that my employer pays is part of my total compensation package, and amounts to an additional $6400+ a year. That is money I can move into my 401k, as is the money I wouldn't be spending on premiums/HSA contributions.

Quote (thesnipa @ Feb 21 2020 02:54pm)

the speculation is anything but wild lmao. taxes go up on corporations and the stock market will drop, period. even Trump leaving office will cause a down shift in the markets, without bernie even passing anything.

and if M4A goes live the private insurance industry disappears over night, and all of those stocks are then basically worth a fraction because they lose 30% of their business and fallback on auto, home, personal liability, and life insurance. pure health insurance companies will just be done, poof.

Quote (Surfpunk @ Feb 21 2020 01:19pm)

It's right in line with the other low-information memes you post.

Quote (thesnipa @ 21 Feb 2020 14:54)

the speculation is anything but wild lmao. taxes go up on corporations and the stock market will drop, period. even Trump leaving office will cause a down shift in the markets, without bernie even passing anything.

and if M4A goes live the private insurance industry disappears over night, and all of those stocks are then basically worth a fraction because they lose 30% of their business and fallback on auto, home, personal liability, and life insurance. pure health insurance companies will just be done, poof.

Quote (Ghot @ Feb 21 2020 02:12pm)

It's kind of amusing that YOU post a shyt meme, and manage to dis ME for it. :lol:

Quote (ofthevoid @ Feb 21 2020 02:04pm)

Highly doubt that would happen simply because your employer would be getting squeezed by higher taxes just like you. If anything that 6400 and then some would go to fund the Cadillac social services plans he wants.



plus all of the jobs that would be lost because of this industry being cut. There's a ton of derivative negative effects.

Quote (Surfpunk @ Feb 21 2020 03:19pm)

You'd do it unironically. Which was the point.

Quote (Ghot @ Feb 21 2020 02:26pm)

Bro, I saw that pic on 9gag like 20 times, yet still managed to resist posting it. Seems you didn't do so well. :D

Quote (Surfpunk @ Feb 21 2020 03:31pm)

If you think I posted it because I agree with it, I have oceanfront property in Arizona to sell you.

I've had to post corrections on my social media feeds at least a dozen times today because stupid shit like this gets amplified by people with no understanding how marginal tax rates and taxable wages actually work.