4 ms·
It's not even remotely close. FAANG total revenue is $275 billion [1]. National health expenditures are $3.8 trillion [2]. You'd have to tax FAANG on revenue
by creato 5y ago
It's not even remotely close. FAANG total revenue is $275 billion [1].
National health expenditures are $3.8 trillion [2].
You'd have to tax FAANG on revenue at a rate of over 1000% for this to be true.
1. https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/faang-stocks/ https://corporatefinanceinstitute.com/resources/knowledge/tr...
2. https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/NHE-Fact-Sheet https://www.cms.gov/Research-Statistics-Data-and-Systems/Sta...
- grumple 5y agoYour first source does not cite revenue. For reference, just Amazon's total revenue for 2020 was 386 billion [1]. Apple's was 274 billion [2]. I think your point still stands. FAANG alone obviously won't get us there, but taxing corporations generally would help (since other nations are able to afford state funded healthcare on a level of taxation only slightly higher than the US, despite having less income). 1. https://ir.aboutamazon.com/news-release/news-release-details/2021/Amazon.com-Announces-Fourth-Quarter-Results/default.aspx https://ir.aboutamazon.com/news-release/news-release-details... 2. https://www.apple.com/newsroom/pdfs/FY20_Q4_Consolidated_Financial_Statements.pdf https://www.apple.com/newsroom/pdfs/FY20_Q4_Consolidated_Fin...