The U.S. Does Not Have a Spending Problem, We Have a Distribution Problem – James Kwak – The Atlantic

When people say that we can’t afford our entitlement programs, they’re really saying that rich people won’t pay the taxes necessary to sustain our entitlement programs. To be fair, many rich people probably would be willing to pay higher taxes if they knew the facts. But a small number of extremely rich people have successfully spread the myth that we can’t afford our entitlement programs.

Decades ago, Congress decided that anyone who worked for ten years, and his or her spouse, deserved a basic level of health insurance. If they deserved it then, there’s no reason they won’t deserve it in the future. And as a society, we can easily pay for it. The reason we’re talking about cuts to Social Security and Medicare is that some very influential people don’t want to pay for it–and they’ve convinced everyone else that we can’t pay for it.

via The U.S. Does Not Have a Spending Problem, We Have a Distribution Problem – James Kwak – The Atlantic.

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