Facebook Tax Bill Over Ireland Move Could Cost $5B

Re:Facebook Tax Bill Over Ireland Move Could Cost $5B by refurb on Saturday July 30, 2016 @03:02PM (#12194212)

But profit creates an incentive for efficiency. Sell the same thing for 1% lower than your competitor and that goes right into your pocket.

Our current gov't system provide very little incentive for efficient use of funds.

I'm not arguing that all of these programs need to just disappear. I'm arguing a "race to the bottom" in terms of efficiency is a good thing, not a bad thing for gov'ts.

[ Parent | on HN ]

Re:Facebook Tax Bill Over Ireland Move Could Cost $5B by Frondo on Sunday July 31, 2016 @04:14PM (#12198622)

I think the kind of constant oversight and worrying over how our tax dollars are spent creates an incentive for efficiency. And the ability to vote regularly on elected officials who guide our programs, that too creates an incentive for efficiency.

Having seen what races to the bottom do in various other industries, I shudder to think of how government works would suffer under the same pressure. Not the kind of society I'd want to aspire to live in.

[ Parent | on HN ]