Without Billionaires There Would Be No Medicare, and No Debt

Do Bagladesh, Haiti and Peru have Medicare-style programs soon to cost $1 trillion annually? Hopefully the question quickly answers itself.

Ideally it also answers Washington Post columnist Catherine Rampell’s puzzling lament that “The GOP’s recent tax-and-spending bill is a huge transfer of wealth from the poor to the rich.” Without defending the vastly overrated tax and spending (there's no growth in tax cuts largely directed at the middle class) bill brought to us by Republican happy talkers, Rampell’s comment on the “One Big, Beautiful Bill Act” (OBBBA) is contradictory. The “poor” by their very description don’t have wealth to transfer, let alone “huge” amounts of wealth.