Universal health care would help this economy.It was the health care that was killing the auto makers. It would help all those millions employed by small business to get health coverage. That would be a major win.
On a short sighted view, you are right. Here's the problem...
In every single case where universal health care has been implemented, it has failed. Further, in every country that has modern health care, the taxes to pay for that health care has been nearly 50% of income.
So yes, doing so will take the burden off of business... but it will place that burden right back on the tax payers. Are you ready to pay 50% of your yearly income, in order for your company to do better?
Some quick numbers:
United Kingdom has a tax rate of 40% on anyone earning more than $50,000. 20% for anyone earning less.
The National insurance contribution is 23.8%
So a person earning only $30,000 a year, would pay roughly $13,140, 43.8% of their income.
This doesn't include an 18% Capital gains tax that hits individuals in the UK, where it rarely does here. (another $5,400 for someone making $30K)
Then the English government also has a sales tax of 17.5%. A 08 Pontiac G5, at $15,675 would cost $18,418, with Federal sales tax alone, not including local and state sales taxes.
This doesn't include a special gasoline tax that makes fuel cost $5.78, when it's $1.85 here. (An extra $78 per fill up, just in taxes)
So tell me, are you ready to pay an extra $16,000 a year to get your "free" health care?
What about France?
The national sales tax is 19.6%. The same car above, would cost $18,747. Once again, a extra tax on fuel.
Those making over $25,000 would pay 30% tax. Those making more than more than $66K would pay 40%.
The social security tax is 35% of your income.
All that, doesn't include screw special taxes France has, like a tax on TV ownership. Just owning a TV, whether you watch 50 hours a week, or 3 hours, you have to pay a yearly tax on owning one. Last year the tax was $144.
A special tax on living quarters. As in you pay a yearly tax fee whether you live in a rented apartment, or own a shack in the hills.
Of course a national property tax, on any land or home you own. That doesn't include local property taxes, like we pay for funding schools.
So tell me, are you ready to spend nearly half of your entire yearly income for health care? A person earning $25,000 a year would pay $12,500 in taxes, not including all the weird taxes, and the sales taxes.
So, do you think doubling, or tripling our tax rate, like France or Brittan, make cause an economic decline? Like maybe dropping us to their level?
See, it's real easy to suggest that nationalizing health care can remove the burden from specific industries like the Auto industry. But you fail to realize that if we adopt their policies, we'll also have to adopt their taxation system to pay for it.
Stuff costs money. There's no free lunch. Why is it that everyone agrees with that, but fails to apply that to policies they support?