Over the course of the Presidential Primary campaign, Bernie Sanders continually spoke of his desire to provide health insurance for the entire United States. While having affordable health insurance is something everyone wants, the way Bernie Sanders wants this is simply unsustainable.
He believes that not only the wealthy, but the middle class should pay for those who are unable to afford their own health insurance. While the wealthy may be able to do this, the middle class simply can’t. It ultimately shows Bernie Sanders does not understand small business economics (and why so many small and medium sized business owners voted for Donald Trump).
When someone receives their paycheck, they see how much money is removed for taxes. This includes Social Security payments. What some people do not know is a business owner pays the same amount of Social Security for every employee. This already represents a major investment for a business owner.
Then, under Obamacare, any business with more than 50 employees must provide health insurance for all individuals. This equates to hundreds of dollars a month for every employee. The major problem here is not many businesses have a large enough profit margin in order to pay for this.
Despite all this, Bernie Sanders believes a small business owner who tries to employee others should face going bankrupt in order to pay for others. How exactly does he expect a middle class business owner to do this? Watch out of touch Bernie Sanders explain below.