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I mean, couldn’t the government just take the tax and put it in the exact same investment the person would have and achieve the same thing?
by Xcelerate 5y ago
I mean, couldn’t the government just take the tax and put it in the exact same investment the person would have and achieve the same thing?
- wmf 5y agoNo, because the government isn't willing to take the same risks that private citizens are.
- burkaman 5y ago? The government takes enormous risks that no private citizen or company ever would. Extremely long term esoteric research that might never earn a profit, investing in programs that don't earn any financial profit (healthcare, firefighting, public libraries, etc.), huge loans and grants to cutting edge businesses that might fail (Tesla, Solyndra, Moderna, etc.), building up huge stockpiles of resources in case of emergency, and so on.
- austhrow743 5y agoSo government owned means of production?
- gruez 5y agoHow is the US sovereign wealth fund doing?
- jkhdigital 5y agoCan’t have a sovereign wealth fund while simultaneously issuing the world’s reserve currency!