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0 pointsBeldin3y ago0 comments

> but rich folks are good at creating capital and governments are notorious for wasting it.

There is more than a little nuance here:

- governments are notorious for being called out on supposed inefficiencies.

Too often, it turns out that there were very good reasons for those inefficiencies, but the criticasters forgot the lesson.

- "rich folks are good..."

I wouldn't know. Superrich folks are good at manipulating the system and extracting wealth from others, that I can believe. We see that happen often enough - the superrich lose money if they were to pick up a 100 dollar bill (they make more money in that time if they work), while their employees have to pee in water bottles or are exploited in other ways.

I strongly doubt that the superrich are better than governments at creating capital for anyone else but themselves in an ethical, human-respecting manner.

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mrguyorama3y ago

I've never understood the argument. I've worked in several different private companies, and calling them "Efficient" is so off base as to be laughable. Remember, a private company will happily let an import engineer go instead of giving them a small raise.

Jensson3y ago

Go work for the government then? Or wait, the government is way stingier with raises than private companies are! Engineers fight over jobs at private companies and shun government jobs because governments don't reward good work.

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