[ExI] Single Payer Healthcare

[BillK]

>On 28 March 2017 at 21:44, Stathis Papaioannou wrote:
>
> On Wed., 29 Mar. 2017 at 3:16 am, spike wrote:
>> Another observation: it is meaningless to compare socialist countries with
>> capitalist countries, because socialist countries can theoretically raise
>> more funds at the federal level than capitalist governments can.  The US
>> government is already very close to the maximum revenue it can generate.
>
>
>
> How? They can increase the income tax to 90% if they want.
>


If they did then government revenue would reduce.
High taxation changes people's behavior.
See Laffer Curve -
<https://en.wikipedia.org/wiki/Laffer_curve>

BillK