Re:Berkshire Hathaway posts a 40% jump in operating earnings...
by s1artibartfast on Monday November 06, 2023 @02:36PM
(#38167696)
The government has no shortage of capital. It taxes 40 cents of every dollar in the US GDP, and then spends more in deficit.
It does not have a revenue problem, it suffers from systemic inefficiency and misallocation problem. Most of the challenges are caused by self inflicted process, which cant be solved by throwing more money at( e.g. housing). The cost to feed every child is trivial, but not a priority. $5/day for the poorest 25% of schoolchildren nationally would be ~2 billion per year. California alone had a record budget surplus last year of 100 billion, and the US Federal gov is approaching that just for the war in Ukraine. The fed gifts 4 billion/year on Israel, and just passed a 15 billion dollar package.
It does not have a revenue problem, it suffers from systemic inefficiency and misallocation problem. Most of the challenges are caused by self inflicted process, which cant be solved by throwing more money at( e.g. housing). The cost to feed every child is trivial, but not a priority. $5/day for the poorest 25% of schoolchildren nationally would be ~2 billion per year. California alone had a record budget surplus last year of 100 billion, and the US Federal gov is approaching that just for the war in Ukraine. The fed gifts 4 billion/year on Israel, and just passed a 15 billion dollar package.