Since the mid-1970s, the U.S. has ramped up spending on health-care administration by about 4% of gross domestic product and increased expenditures on overtreatment by about 2% of GDP. Countries like Canada, the United Kingdom, and France have not followed suit, and yet they do just as well — if not better — at ensuring that their citizens stay healthy.
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This is like turkeys voting for Christmas. Can we really expect the elite like Trump or Romney, who pay disproportionally less taxes than the average guy to change the tax system […]
Corporate profits are way up, and corporate taxes are way down. In 1952, corporate profits were 5.5 percent of the economy, and corporate taxes were 5.9 percent. Today, corporate profits are […]
We don’t think this is likely: Previous experience hasn’t shown it The Reagan revolution is overhyped, growth didn’t accelerate whilst inequality rose Today’s conditions are even less conducive, corporate tax […]
Bruce Bartlett, the guy who actually designed the Reagan tax cuts, cuts through the nonsense and neatly sums up why they aren’t likely to produce any economic boom. See: Why are […]