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The parent commenter didn't refer to efficiency of tax collection. They refer to the fact that taxes is the pot the government will draw money from whenever an
by t0suj4 5y ago
The parent commenter didn't refer to efficiency of tax collection.
They refer to the fact that taxes is the pot the government will draw money from whenever any of their enterprises becomes unprofitable. If the pot is too small to fund all the projects they can simply grow out by taxing the populace more.
When an unprofitable business in the private sector runs out of investor money it sells all its assets and eventually collapses.
- tonyedgecombe 5y ago>The parent commenter didn't refer to efficiency of tax collection. Tax collection is part of government and in this case is an useful counterexample to the endless "all government is bad" messages we regularly hear on HN. >When an unprofitable business in the private sector runs out of investor money it sells all its assets and eventually collapses. Yes, and unpopular governments get voted out (assuming they are democratic).
- cloudier 5y agoIt is easy to believe that “all government is bad” when the only government you’ve interacted with is the US government. Thanks for highlighting a counter example.