[ExI] Single Payer Healthcare
spike66 at att.net
Tue Mar 28 20:58:07 UTC 2017
From: extropy-chat [mailto:extropy-chat-bounces at lists.extropy.org] On Behalf Of Stathis Papaioannou
Subject: Re: [ExI] Single Payer Healthcare
On Wed., 29 Mar. 2017 at 3:16 am, spike <spike66 at att.net <mailto:spike66 at att.net> > 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… spike
>…How? They can increase the income tax to 90% if they want.
Ja, suppose it does. Then what happens? Surprise! The revenue goes down, because those who make a lot of money go elsewhere or go out of business. What’s the point, if one is just working for the government?
There is an optimal tax structure for maximizing government revenue. No one knows for sure what that is, but I can assure you it is nowhere near 90%. It is probably pretty close to where it is now.
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