Quote:
Originally Posted by Monahammer
ignore the bolding for a second, but i want to note that you said that.
Can you elucidate for me the reasons you think that government is now hindering wealth creation?
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A dollar in the hands of the government is a dollar that is not in the hands of an individual. The private sector is better at allocating capital, so the dollar in the hands of the government has less utility. The dollar in the hands of the government only has more utility than a private dollar if it is still being spent on functions that unlock wealth. The moment the government starts collecting and spending dollars on other forms of capital allocation, they are hindering the potential of the economy. Needless to say we're way, way past that point.
Bonus: governments that went to provide excess services generally crowd out the private sector, reducing innovation and efficiency gains that would arise from a competitive private sector.