Varney: Public division is appearing among Democrats

Channel: Fox Business
Published: 05/07/2019

Description
FBN's Stuart Varney on the costly impact of Democratic proposals such as Medicare-for-all and the Green New Deal. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York ...



Transcript
It was strange to see the left criticizing its own. That is a rarity in politics. The democrats have a history of at least public unity, but descent division is now appearing in public medicare-for-all bernie wants it. So do many of the 22 presidential candidates, but the editorial board of the washington post, no less says hold on a minute: it's not the promised land. The post says: there's no me ...
icare for all without trade-offs, specifically much higher taxes on the middle class, as well as the rich bernie likes to use denmark as an example of how to do health care right. But denmark charges a 56 % tax rate on income of $ 80,000 a year or more 56percent at 80,000, and denmark imposes a 25 percent sales tax on everything. Does middle america want to pay that kind of price, but medicare for all? I think not, then. There'S the universal basic income scheme favored by the more extreme presidential candidates. This is the plan to give all adults a monthly income with no strings attached. You don't have to work, spend it on anything. Great free money are not so fast britain's guardian newspaper. A very left-wing operation quotes a study of 16 universal basic income schemes that have been tried around the world.

The study was conducted by a global trade union federation. There is no evidence that any of the schemes were sustainable, inother words they could not be paid for and none significantly reduced poverty. It'S the same with the green new deal, just not affordable. You can't pay for it free college. You can't pay for it. Oh, what a mess 20 months to the election, the economy is booming and that democrats are pushing wild scheme that would cost a fortune and disrupt the prosperity that we now enjoy. That'S a really weak electoral platform.


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