A profit is the net value given to society minus the cost taken from society. Example: you take floor worth 1 from society, make a cake and sell it for 3. You gave 3 and took 1, enriching society by 2.

It means that you reduced the poverty of other people by 2. Somebody who could not afford a cake before, now can.

This is why making a profit is philanthropy, and for the same reason, losing money impoverishes the rest of society. If you lose money, you impoverished other people. If the state loses money, it impoverishes society, but is the poorest people who gets the worst of it.

I'm sorry, what? You didn't give society 3, you gave it 1+the value of your added work, and pocketed the difference between that amount and 3. And before anyone jumps in to claim that people paying 3 means the item is actually objectively worth 3 - no, government services are often essential and irreplaceable, people are often willing to pay anything for them. This is like saying I somehow added 10000 of value to society by refusing to extinguish someone's burning house for anything less than that amount, despite the actual work costing me far less to perform. As for any non-essential services, that difference is covered by advertising and all sorts of manipulative tricks humanity has come up to force people to make irrational choices, especially over the last century.

Profit-seeking for essential services is the epitome of selfishness that can only be justified through twisted ideologies. When applied to governments that are supposed to take the least and give the most, it is pure evil, just skimming off goods and services someone desperately needs to put that in your pocket.

I like this analogy. The government should of course aim to make as much money as possible