If the IRS grabbed 100 percent of income over $1 million, the take would be just $616 billion. That’s only a third of this year’s deficit.
This year's deficit is about $750 billion. I think you're emboldened quote is a little out of date.
Well, I don't really think rich people should pay for it ALL. Just a lot of it.
But let's look at that math. According to http://www.forbes.com/sites/mo...
the top 1% average in 2012 was $717,000 per household and there are roughly 1.2 million such households. Their income was therefore about $880 billion. Figures aren't in for last year but it's safe to say they're considerably higher.
The deficit last year was $564 billion. So yes, they could pay the deficit and have money to spare.
If you recognize that nobody's proposing that they do it without help from the moderately well-off, it starts looking not at all out of reach.
But paying the deficit wasn't even my point. If you want to nationalize health care, you do it with taxes. INSTEAD of the health-insurance premiums and all the nickel and your-whole-bank-account charges we pay now. Not in addition, INSTEAD.