Thursday, October 09, 2014

Cost of government vs value of government

Too many people complain about the cost of government and the level of taxation, but they never look at any actions of government being investments.

Where would they get enough educated workers without government-provided schools?  Would enough parents or individuals have the time or money needed for the level of education required by many businesses?

How would they get the roads to move goods from manufacturer to warehouse to user?  Would they want to pay tolls for each segment of road, including local roads.

What would our health be without food inspection?  Maybe the food producer thinks regulations are burdensome, but what about the burden on employers who have many employees absent with food-borne illnesses.

Maybe factories think safety regulations are burdensome, but what would their costs be in reduced workforces and lawsuits?

The basic question is shall we have a society of maximum gain for a few or a society that provides for the “general Welfare” as stated in the Constitution.

Or, too many people know the price of everything but the value of nothing.

For a much better consideration of this, see “Our mismeasured economy”, Lew Daly, New York Times, 2014-07-06.