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Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?


To: Lane3 who wrote (15839)3/31/2010 6:26:52 PM
From: Lane31 Recommendation  Respond to of 42652
 
RE taxes, I came upon this piece today and found it interesting.

Taxes per Person
from Greg Mankiw by Greg Mankiw
32 people liked this
Some pundits, reflecting on the looming U.S. budget deficits, claim that Americans are vastly undertaxed compared with other major nations. I was wondering, to what extent is that true?

The most common metric for answering this question is taxes as a percentage of GDP. However, high tax rates tend to depress GDP. Looking at taxes as a percentage of GDP may mislead us into thinking we can increase tax revenue more than we actually can. For some purposes, a better statistic may be taxes per person, which we can compute using this piece of advanced mathematics:

Taxes/GDP x GDP/Person = Taxes/Person

Here are the results for some of the largest developed nations:

France
.461 x 33,744 = 15,556

Germany
.406 x 34,219 = 13,893

UK
.390 x 35,165 = 13,714

US
.282 x 46,443 = 13,097

Canada
.334 x 38,290 = 12,789

Italy
.426 x 29,290 = 12,478

Spain
.373 x 29,527 = 11,014

Japan
.274 x 32,817 = 8,992

The bottom line: The United States is indeed a low-tax country as judged by taxes as a percentage of GDP, but as judged by taxes per person, the United States is in the middle of the pack.

gregmankiw.blogspot.com



To: Lane3 who wrote (15839)3/31/2010 6:31:31 PM
From: TimF1 Recommendation  Read Replies (1) | Respond to of 42652
 
I have disagreed here with the GOP posters here who oppose rationing.

I'm against rationing in the sense of direct explicit government controls over what can be had or what can be spent, not in the far more general economic sense of having some factor control the allocation of scarce goods. In that sense being against rationing doesn't make a lot of sense, by definition any scarce good is rationed in one form or another be it by price, queue, custom, government rationing programs, etc. You can't avoid rationing in that sense except for non-scarce goods (which might include things like air and non-potable water)



To: Lane3 who wrote (15839)3/31/2010 6:37:04 PM
From: Alighieri2 Recommendations  Read Replies (1) | Respond to of 42652
 
But what was being challenged was the Obamacare framework and what was wished was an alternate framework in which costs were controlled by structural changes and the market so Obamacare rationing and regulatory cost controls would be thankfully obviated.

Really? What alternate framework? Insurance competition across state lines and tort reform? Talk about inert meaningless window dressing..

If it was earnest, then it will be interesting to see how it is either reconciled or double-talked going forward.

It was dirty politics...pure and simple. When the plan called for best of breed care panels, they became death panels. We have what we have, and have not what we should, because of conservative opposition...mostly on the GOP side, but not exclusively.

Al