Re: Ah but, who do they spend it on?
it says nothing of the kind.
most of that figure is health insurance, which as has been pointed out time and time again, for more reasons than you can shake a stick at inappropriate in these figures. due to the vastly worse cost per outcome encountered in the US un-health business when compared to proper health care systems.
There is usually a god awful hole in Worstall's thinking, this week it's a doozie :-)
(we'll set aside all that bollocks about higher rate income tax being 40%, we all know it's closer to 19% - warren buffet told us, and he should know!)