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There's no world where the government takes money from taxpayers and doesn't just turn around and spend it. Often this spending is several orders of magnitude more wasteful than private individuals spending their own money, because government agencies have extremely weak incentives to spend efficiently. They spend, run out of money, and just stop whatever they were doing because, oops, out of money until the next budgeting cycle.

Value is destroyed by taxation, money is just a proxy. We spend on government because there are things we need that only government can do. Wealth transfer is not one of them.