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I'm not sure this is true, except that you are comparing the worst of government projects with the best of corporate projects. Most businesses fail. Hell, most
by throwawayfire 6y ago
I'm not sure this is true, except that you are comparing the worst of government projects with the best of corporate projects.
Most businesses fail. Hell, most Google products have failed. As such, overall private spending is woefully inefficient (despite a few big successes), and government spending is relatively very efficient.
- NovemberWhiskey 6y agoThat's an extraordinary take on the matter. Governments have the ability to tax in order to fund spending. Businesses have to fund their spending out of either their revenues or their debt/equity funding. Is it any wonder that businesses fail more often than governments? If the measure of government efficiency is return on the tax dollar, then by the same yardstick the benefits generated by most businesses are infinitely efficient.
- throwawayfire 6y agoMy point was to observe that: - first, government spending is highly scrutinised, by the convention that people expect every tax dollar to be spent in a way that they deem worthy; - whereas, most private businesses are not scrutinised in any sort of comparable way (often not even when they are spending tax dollars - which they can, directly and indirectly).
- Guthur 6y agoI'd propose remove every form of regressive taxation and allow the individual to keep more of the wealth they've earned. Remove: Sales Tax, Punitive Fines, Import Taxes, Stamp Duties Keep: Income tax (even raise it if you want) Add: Held wealth tax (if you want, or go full progressive and replace income with this)