...Her armada of changes would be highly disruptive (for example, to the 156 million Americans who have private health insurance) and expensive (at least $23 trillion over the next decade). To her credit, she proposes to pay for all that spending — but with a mountain of new taxes that would increase federal revenues by more than 50 percent. Talk about expansionary government.
Less discussed is her intention to impose vast new regulatory burdens and to revamp the way business functions, which could have an even more negative effect on our economy. Many of America’s global champions, like banks and tech giants, would be dismembered. Private equity, which plays a useful role in driving business efficiency, would be effectively eliminated. Shale fracking would be banned, which would send oil and natural gas prices soaring and cost millions of Americans their jobs. And on and on.https://www.nytimes.com/2019/11/04/opinion/medicare-warren-plan.html?fbclid=IwAR3snsJls0jNMU5FHdwCIEkGzgbtq9D9y2rxSii5QK0k_O86gUqBiIhYEvc
Originally posted at otkaznik1.dreamwidth.org