May 11, 2024

Government Economics

Diane Kimura

Economics 101

1) the government does not make or produce a single product. Only businesses make things.

2) the government's sole monetary function is to take money from taxpayers, print money and redistribute that same money.

3) money taken from taxpayers in the form of taxes is simply and only a redistribution function and produces zero, nothing, nada. See #1 above.

The issue is that the government spends too much money not that taxpayers pay too little tax.

One amendment to #2 and #3: politicians use these functions to enhance their chances of being reelected. (Term limits may be the best way to reign in government spending.)

Lastly, think about what functions only the government can perform or provide versus what functions people can provide on their own.

Once you come up with a list, my guess is you'll understand why the government is bloated. For example, it's unlikely that any person can provide a military.

Posted by: Timothy Birdnow at 08:54 AM | No Comments | Add Comment
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