That's a sort of libertarian fever dream, yes. It fails to account for lots of things, among them: - The idea of unspecified "regulations" inflicting grave da

That's a sort of libertarian fever dream, yes. It fails to account for lots of things, among them: - The idea of unspecified "regulations" inflicting grave damage on the economy for no useful purpose is simply wrong. Yes, there may be regulations some people consider too broad, or intrusive. But it's a question of degree, and I assure you, you wouldn't want to life in a place without any of them. The best case scenario is that instead of a law that forbids the use of lead as colouring agents for potato chips, you'll get a less-effective, more expensive private certification scheme with the same rule. - Corporations only pay taxes on profits. As such, these taxes have no effect on the corporation's investments, research, or other spending. - Governments tend to be more effective in spending than private companies. Medicare % medicaid, for example, have something like 1% or 2% of administrative overhead, compared to roughly 20% of overhead and profits for private insurance. As further evidence of the stinginess of governments, compare the average desktop PC in government offices to those at your favourite company. - Such a country could reduce spending almost exclusively by picking and choosing the people to admit, leaving other countries to care for poor, old, or sick people.