[fhdkweig]

> Even if you ignore ALL other tax spending (which is a huge ask) the best possible outcome is $1 in = $1 out. That breaks even at best. The government isn't creating value it's just moving money around.

It is possible to spend money that gets more money back later. Think of investing in infrastructure that creates more economic activity. Imagine how much better the economy grew once we connected the transcontinental railroads and electrified towns. These were huge projects that no one could have funded on their own, but with coordination with all the money from everyone else. I can't think of any other way to coordinate that much money without getting taxes involved.

[Steve6]

I understand. And I get it. I also want the best infrastructure and economy possible. The theory is getting taxes and master planning a big project will eventually pay off more than it costs. But you have to remember, when taxes are involved you're really talking about how to spend other people's money. I would argue that the best way to help people is simply to not tax them and let them spend on the things they value the most.

The same argument you're making is commonly used to build tax subsidized sports stadiums. I'm curious if you agree with that as a valid use for local taxes.

In my previous message I mentioned "back door deals with giant corporations and insider trading" as a bad thing. Well, the bigger the master planned project is, the more incentive there is for shenanigans.

[fhdkweig]

Maybe the best criteria would be how many financially benefit from the investment. The stadium probably only benefits the owners, but the electrified town benefits everyone who lives and works in the town.