Hacker News new | ask | show | jobs
by RhysU 2901 days ago
> People in general understand how to allocate their own money better than the government does.

Mwuh ha ha! Then why levy taxes for anything?!

4 comments

The people receiving government assistance are not expected to be the same people paying net taxes to fund it.

Although the existing system is so asinine that sometimes they are, which is just another reason to replace it.

> Then why levy taxes for anything?!

Because people owning tanks and bombs want to be paid for not using them.

Knowing how best to allocate money != having enough of it.
Internalizing externalities.