[ExI] Single Payer Healthcare

[Stathis Papaioannou]

On Wed., 29 Mar. 2017 at 8:13 am, spike <spike66 at att.net> wrote:

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> *From:* extropy-chat [mailto:extropy-chat-bounces at lists.extropy.org] *On
> Behalf Of *Stathis Papaioannou
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> *Subject:* Re: [ExI] Single Payer Healthcare
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> On Wed., 29 Mar. 2017 at 3:16 am, spike <spike66 at att.net> wrote:
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> >>…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
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> >…How? They can increase the income tax to 90% if they want.
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> Stathis Papaioannou
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> 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?
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> 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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But that applies to state taxes as well.

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Stathis Papaioannou
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