Monday, November 26, 2012

Chart of the Day: “Overcharging” Governments

I pointed out last night that we should instead put pressure on the governments for “overcharging” taxpayers for the provision of so-called “public goods”.
the table should be turned where overcharging should also be pinned on the extravagance and insatiability of governments to incessantly work on extorting more taxes from the entrepreneurs, capitalists and investors by using “social justice” as pretext to benefit political boondoggles
In the US, the chart below courtesy of EPJ’s Bob Wenzel shows of the “cost overruns” by select government agencies.

image

Governments recklessly and relentlessly waste taxpayer’s money. Yet the paradox is that the government penalize taxpayer, and simultaneously award themselves for such foolhardiness with even more resources extorted from the taxpayers. What is "social justice" as implicitly defined by the political class has, in reality, been a parasitical relationship enabled by mandated coercion.

I just hope that there would be a local counterpart of this chart.

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