Re: Laffer curve and supply side economics

Just Cocky wrote:

> It might work for them, but at a cost:
>
> GDP per capita (PPP) for Sweden: $28,400 (2004 est.)
> GDP per capita (PPP) for the USA: $40,100 (2004 est.)
> The cost is obviously economic growth.

Arguable. If health care is provided as a universal service, decent
retirement, child support and so on how do they account into CDP ?

The question is what you can get for the money you have, not the absolute
amount of money in $.

A more valuable statistic can be the quality of life:
http://www.economist.com/media/pdf/QUALITY_OF_LIFE.pdf

You can scroll to the graphic on the last page and see that US rate at the
position #13 as the quality of life while Sweden is #5, and all
Scandinavians are over US.

I believe that most of the peoples are more interested in how well they
live, not into how much money they pump into the pockets of a few
superrich. If you can boost life level of the population by getting some
essential services (health, retirement, university etc...) out of the
private sector you must be insane not to do it only to have them counted in
GDP and for that pay with a lower quality of life.


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