It lessens the distance between the very wealthy and the rest of us. That of course will be terrible for worker morale because it would remove an incentive to better one's self, at least in
Von Mises World.
An Eye-Opening Adventure in Socialized Medicine
By Steve Silberman
Posted: July 12, 2011
One renowned health-care expert who grew up in England recently explained the difference between British and American medicine to me by saying that if he was very rich and had cancer, he would rather live in the U.S. But if he was poor and had cancer, he’d rather live in the U.K. and be guaranteed at least B-minus care.
UPDATE: I think this means that using
Rawl's Veil of Ignorance Test, most people would opt for the British system:
Rawls says, “Among the essential features of this situation is that no one knows his place in society, his class position or social status, nor does any one know his fortune in the distribution of natural assets and abilities, his intelligence, strength and the like. I shall even assume that the parties do not know their conceptions of the good or their special psychological propensities. The principles of justice are chosen behind a veil of ignorance” (TJ, 12/11).
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