So where will the extra $16 trillion come from to pay for Sanders' plan?

[stopbush]

14. Not true.

Let’s talk about Medicare for all.

Currently, 100% of workers pay into Medicare. Who uses Medicare? 19% of the population, mostly people over 65. So, if you want to fund Medicare for all through the current payroll deduction system, you would need to increase the tax four-fold to cover 100% of the population, because right now, the money paid in by 100% of workers is only enough to cover 19% of the population.

You currently pay 1.45% on 100% of your earnings to pay Medicare. To cover 100% of people, you would need to pay 7.25% in Medicare tax on 100% of earnings. Couple that with the 6.25% tax you pay for SS and you’re now up to 14% tax on 100% of your earnings, ie: basically double what you now pay for Medicare and SS together.

And, your employer would also have to pay that increase from 1.45% to 7.25% for every employee.

Many Americans would balk at that.