I know a guy who won’t apply for food stamps though he is qualified to get them. In Illinois he’d have to work for them. But he won’t apply, I told him, “It’s not charity, they will make you give you a job or community service and you’ll work them off.” He won’t do it. But he WILL take a discount half price bus/train pass.
That isn’t charity that he rides the bus for half price. Why that isn’t charity, I don’t know.
So you see the problem? Another is services. Let’s say you never called the fire department. You’re taxes pay for that. So is not using a service a waste? OR are you not really paying to USE the service but instead are you paying TO HAVE IT AVAILABLE when you need it?
I think we’ll all agree a large portion of our tax money is wasted. In the City of Chicago alone you got tons of waste through inflated salaries. City workers get far more than they’d get on the “free market.”
I pretty much agree with this basic argument, but it still leaves open the marginal benefit of government services.
A stable functioning government that provides some essential public services is the required minimum for civilization. Right. But there’s still a problem of figuring out what extra benefit exists from spending extra money on top of the minimum civilization upkeep costs (something we don’t even know anyway). What’s the added benefit of an extra dollar of public services? There are a lot of variables, and so this is where ideology steps in. Liberals would generally say the benefit of an extra dollar of spending is likely to be more than its cost, while conservatives would generally say the opposite–with notable exceptions like military spending, which highlight the ideological divide even more sharply.
There’s no way to untangle this in an objective way. Not right now, and maybe not ever.
I was talking about investors–bondholders, stockholders, owners–more than managers & proprietors in general.
Um, no, that’s not at all what I was trying to say (thanks for reminding me of the first day of macro, bro :rolleyes:) & I don’t know quite where that came from.