Sen. Bernie Sanders (I-Vt.) revealed on Sept. 24 his plan for generating revenue to fund costly social spending proposals such as his Medicare for All plan—taxing the ultra-rich in the country.
Sanders, who is running for the 2020 Democratic nomination, has repeatedly faced skepticism for his Medicare for All plan, which is expected to significantly raise government spending and give the government a monopoly in the healthcare insurance industry. Some analysts estimate that that plan would cost $32.6 trillion over 10 years. Despite the costs, the Vermont senator’s universal health care plan is embraced by many progressive lawmakers and presidential candidates in the Democratic party, indicating the party’s push toward the far-left.
