I know this is controversial, but here's my take: self made rich people live in reality. Whatever ideas they have about reality will be tested relentlessly, oth

I know this is controversial, but here's my take: self made rich people live in reality. Whatever ideas they have about reality will be tested relentlessly, otherwise they wouldn't have succeeded at business. Government bureaucrats however do not live in reality. They live in lala-land where they spend other people's money. Who knows how they got to the point where they can make the choice of how money and resources are spent, but whatever it is, the actions they take is never really checked against reality. There is no competition between government agencies where badly run ones are allowed to fail. For that reason alone, self made rich people are on average much better at spending money wisely, as we've seen with for example the Gates foundation.