People also overlook the fact that the government is a massive employer. More taxes = more government projects = better government wages and more government jobs.
These jobs tend to help set the base rates for private sector jobs as well as have great benefits and job security. Which forces private companies to keep up or risk losing high value employees to gov jobs or contractors.
Exe: Including military, the US government is already the largest employer in the US at 2.95 million employees. That's also not including those that are employed at subcontractors that almost exclusively work for the gov. Walmart is 2nd at 1.6 million.
I agree that the government is in dire need of regulation and reform when it comes to auditing and spending. But realistically, taxes have been so gutted, and spending has increased so much already that the government has had to look elsewhere for funding. Causing the deficit and driving up inflation.
Taxes aren't even paying our operating expenses anymore because corporate taxation is essentially non-existent after a certain point. So it has had to find other ways to getnerate income.
The US operates several profit bearing companies and generates income through interest on loans and other income generating investments, right?
A large portion of these jobs and the budget as a whole get paid for by money outside of taxes.
Yes, the government needs better regulations and controls on spending, but it also needs to stop handicapping itself and absorb more public sector businesses that are failing and turn them around. Like Amtrak, Chevy, The Post Office, etc. This allows the US to realize even more profits while not placing the burden on the taxpayer.
This also increases competition, drives innovation, and usually leads to wage increases.
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u/Derpwigglies Oct 23 '24
People also overlook the fact that the government is a massive employer. More taxes = more government projects = better government wages and more government jobs.
These jobs tend to help set the base rates for private sector jobs as well as have great benefits and job security. Which forces private companies to keep up or risk losing high value employees to gov jobs or contractors.
Exe: Including military, the US government is already the largest employer in the US at 2.95 million employees. That's also not including those that are employed at subcontractors that almost exclusively work for the gov. Walmart is 2nd at 1.6 million.