How is all this being funded?
Why no one wants to answer that??
I can answer this. Higher taxes. If you look at US tax rates throughout history (and you can, here):
you will find that we've had much higher tax rates on the wealthy in the past - 39.6% not too long ago, 50% back in the 80s, 70% in the 70s, 91% in the 60s, etc. Shockingly enough, we still had the wealthy among us even with those higher rates. The Vanderbilts, Morgans, Rockefellers, etc, were still able to own and staff their mansions, corporations, and even donated to libraries, music centers, colleges, and more.
I don't think it's all that much of a stretch to decide just how much annual income one needs to live on (and remain wealthy) and then more highly tax the rest to help pay for things the population needs - like health care, education, etc. One could even set that amount at 1 million (for the highest tax bracket) and I'm pretty sure the majority of us could still figure out how to eke out a darn decent living with anything more than that taxed at 70 or 90%.
I don't think the rest of us should get out of paying taxes either. We want health care and education, fine, we help pay for it (through our taxes - increase them on everyone, but balance out how much increase there is to try to make things more "livable" for the minions who aren't making a million per year ). But I don't think we need to be buying into the fallacy that everyone in the Top 10% should be taxed at the same rate or that trickle down economics actually helps (it didn't - for the most part only the wealthy became wealthier), the same way I don't buy the idea that Aids/Diabetes meds or Epipens had to be raised so much because their companies weren't making enough money.
Go back to policies that were a bit more fair - the wealth distribution would help far more people. Exactly how much does one person need in their portfolio anyway - while others work their butts off trying to pay for some of the basics in life?
Then too... no, I don't buy the idea that Capital Gains income needs to be taxed at a lower rate. All income should be taxed at the same rate IMO - retirees or not. In general, it's not just retirees capitalizing on that. It's folks who have invested - aka - the more wealthy among us. Remember too, taxes don't take away the principal, only a portion of what is earned annually on that principal - same with wages. Plus, the highest tax rate wouldn't kick in on the first X dollars - only the portion earned above that amount.
But as a pp said, it's the wealthy who donate to politicians (both sides of the aisle). I wouldn't hold my breath waiting for more fairness to happen.