Excerpt:
Under a European-style tax system, single U.S. workers making $40,000 per year would see a $6,000 increase in income tax, a Heritage Foundation report published Sunday shows.
Single workers making $40,000 per year in Europe pay an average tax rate of 43.8%, leaving them with only $22,467 left in personal income after taxes, while single workers making the same amount in America pay an average tax rate of 28.5%, leaving them with $28,352 in personal income after taxes, according to the study published by the Washington, D.C.-based conservative think tank.
In Belgium and Germany, workers who make around $40,000 in income pay average tax rates of 50.6% and 50.2%, respectively, meaning they return more than half of every dollar earned to the government, the study notes.
If the U.S. implemented European-style entitlement programs like Medicare for All, free college, guaranteed jobs and paid
its tax rates — and not only for the rich, despite 2020 Democratic presidential candidate and Massachusetts Sen. Elizabeth Warren’s promises, Heritage Foundation senior policy analyst Adam Michel, author of the report, noted in the study.
Entitlement programs “do require higher taxes, but they don’t give us ‘better’ anything. Instead, you get a larger, more intrusive government that often doesn’t meet the needs of the typical American. The more we centralize things in Washington, the less those services are able to be tailored to what any individual or community needs,” Michel told the Daily Caller News Foundation.
Michel added that not only would the programs Democrats are promising “require dramatic tax increases,” they would be nowhere near as “perfect and well-designed” as Democrats lead voters to believe they would be.
Brian Riedl, senior fellow at the Manhattan Institute — a free-market think tank — similarly told the DCNF the U.S. single-payer health care system, for example, “is substantially more generous than anything Europe or Canada does. … American plans assume no copays, no family premiums and no out-of pocket expenses. Most single-payer plans require copayments and out-of-pocket expenses. American plans require none.”
“American plans require no rationing and universal coverage for the top technology and the biggest hospitals for any procedure that people want. By contrast, Europe and Canada have a limited infrastructure, much less technology and government rationing,” he continued . . . . A tax on only billionaires, however, would not be nearly enough money to implement all the policy proposals candidates like Warren and Sanders have introduced without touching middle class taxes, Michel and Riedl explained to the DCNF. The U.S. middle-class workers would shell out even more taxes than the average European middle-class worker pays, they said.
“The progressive left’s narrative right now is that we can do all of these things with just tax increases on the wealthy is incredibly disingenuous,” Michel told the DCNF.
Riedl similarly told the DCNF that the “mathematical reality” is: “There is no way to finance Medicare for All and the Democratic wish-list without exorbitant taxes on the middle class.”
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