Government Waste: The Bright Side
Tom Smith answers the question, “How efficiently can the Government waste money?” with an uncharacteristic optimism.
I think alpha is greater than one. You may think that’s impossible, but I’ve seen it done. For example, you can tax productive people to pay other people to make sure still other people don’t do anything productive. If the government just taxes and borrows and then wastes it all, they are actually doing pretty well.
Some things in life are bad; they can really make you mad. Other things just make you swear and curse.
(In fairness, there’s the aquaducts. And the roads. And sanitation.)
Photo by Flickr user Clint JCL, used under Creative Commons license.