Everything comes with a cost – but when it comes to the things being pushed by Democrats, there might not be enough billionaires to help pay for those things.
"In fact, [the Mercatus Center says] the cost of single-payer healthcare alone … would be at least $32 trillion over the first ten years," says Justin Haskins, executive editor at The Heartland Institute. "Even if you were to confiscate all the wealth from all the billionaires in the world, based on analysis conducted by Forbes, you wouldn't be able to pay for one-third of the cost of just single-payer healthcare – and that's only one component of the many programs being proposed by Democrats."
Haskins shares these thoughts in an op-ed published on FoxNews.com, adding that Democrats also talk of the need for people to pay their "fair share" in taxes, while never defining what a "fair share" is.
"The truth is, no matter how much they increase taxes, they could actually triple tax revenues on those earning $10 million or more and it still wouldn't be enough money to cover the cost of the programs that they want to enact … single-payer healthcare, 'Green New Deal,' all of those things. So the 'fair share' argument is just really absurd," he concludes.
When it comes to the other side of the political aisle, Haskins says Republicans aren't putting forward a far-reaching, positive reform plan of their own. "They need to offer solutions that are going to help lower-income people," he recommends. "There are plenty of policy solutions out there that exist when it comes to try to fix our broken healthcare system and other things."
Haskins points to health savings accounts (HSAs), for example.
"That would provide people in a sliding scale with money to be able to go out and purchase health insurance," he explains. "There are a variety of different policy ideas, like direct primary care, that would significantly lower the costs of healthcare across the board, but Republicans aren't offering many solutions."
Instead, Haskins says Republicans spend most of their time complaining about what's happening with Democrats and talking about how crazy they are. "… To some extent, [that's] understandable and necessary," he acknowledges, "but they need to present a positive vision to the world as well – and that's something they are severely lacking right now."