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parineum 4 days ago

Increase in GDP is created by inflation and increases in productivity.

Government budgets should increase with inflation but there is zero reason for them to partake in the increase in productivity. Increases in productivity should, generally, also be applicable to government programs and, as such, they should get relatively cheaper over time, not more expensive.

If we want to _add_ programs, government budgets should increase in kind but the efficiency of government should rise over time as the things required to run government become cheaper. This rarely happens though because government programs don't have the same incentives that lead to increases in efficiency.

It's funny you're so against billionaires scooping up that money but want the government to scoop it up instead. Government is just big business with guns.

scotty79 3 days ago | parent [-]

> It's funny you're so against billionaires scooping up that money but want the government to scoop it up instead.

The reason is that government is ruled democratically which makes it less likely to successfully execute terrible decisions persistently. There's also some influence of the public on those decisions. In case of billionaires there's nothing to stop them to pursue idiotic, societally and economically harmful goals on a whim. There's also difference of transparency and availability of warning signs. Not to mention that I can change which government rules me by boarding a plane but Zuckerberg is influencing my life in every place on Earth.

Leaving the money with the populace is not an option. Citizens are weak, money will get scooped. The question is by whom. I'll pick democratic government over billionaires every day of the week.