For Example:
There are three married couples; all named The Bruces. White, 8th generation, college educated Americans. Bruces A are 20+ years old; Bruces B are 50+ years old and Bruces C are 65+ years old. From top to bottom, Bruces A, B, and C.
Bruces C are much wealthier than Bruces A and Bruces B. They have pensions, 403-b, 401-K, Social Security, investments and 2 homes. Bruces B have some savings, no investments, and 2 homes. Bruces A have one house, no savings or investments. There’s a wealth gap.
Bruces B have a much higher income than Bruces A and Bruces C. There is an income gap.
Bruces A are much healthier than Bruces B and Bruces C. There is a health gap.
Bruces A have minimal health insurance, some hospitalization coverage never used; Bruces B have great health insurance from large self insured employer—OSU; Bruces C have Medicare A & B, plus supplemental. Good, but not as great as Bruces B. There is an insurance gap.
Bruces A take no medications at all. Bruces B have minor conditions requiring little medication. Bruces C have had heart, blood pressure, cancer, asthma, cholesterol problems, all treatable. There is a health consumption gap.
Bruces A are usually employed or under employed—they are students or lower level employees; Bruces B are fully employed, or self-employed and are DINKS; Bruces C are not employed even irregularly. There is an employment gap.
Bruces A rarely ever have a vacation or travel; Bruces B occasionally travel to visit relatives or vacation close to home; Bruces C travel to many countries and enjoy cruises, they eat out frequently, attend art events, pursue hobbies. There is a leisure gap.
Which of the Bruces, A, B, or C, does Elizabeth Warren want to tax to "help" the other two?
Showing posts with label consumption. Show all posts
Showing posts with label consumption. Show all posts
Sunday, February 23, 2020
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