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Politics : The Trump Presidency
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To: KyrosL who wrote (5426)1/9/2017 8:22:43 PM
From: TimF  Read Replies (2) of 354459
 
Removing burdens from the companies, and putting it on government...

The problems with that (even assuming the government insurance/payment system is just as good for the beneficiary and no less effecient, which are enormous ifs) are that if its payed for in taxes those taxes will bring the burden back, it doesn't go away. FICA taxes would (if they are done the same way they are now) be half officially on the employers and half on the employee. To the extent they are on the employers, well the employer's still paying in direct terms (indirectly the actual incidence of the tax is more complex), if they are being paid by the employee, well if you relieve the employer of a cost and add it to employees than employees will push for higher wages. If you put it in as a VAT then you get a similar result, its either directly paid by the company or its paid for by the consumer tending to put downard pressure on pre-tax prices.

As a bonus we should eventually reduce health care costs by about 5% of GDP

What makes you think that would happen?
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