JimmyGT on Nostr: Any time monopolies exist, price of services go up while quality of services go down. ...

Any time monopolies exist, price of services go up while quality of services go down. Because the consumer does not have an easy way to opt out, the provider does not have any incentive to please the consumer, and actually instead has the incentive to maximize their profits at the consumer's expense. Taxes are essentially payment for monopolized protection services. Whether it be protection from poverty (welfare), protection from ignorance (education), protection from each other (police), or protection from external threats (military), government services can mostly be boiled down to glorified protection services.

Understanding this concept can be helpful in understanding why our government would be so interested in sending tens of billions of dollars to fund a proxy war on the other side of the world which poses no direct threat to us (but enriches themselves), while giving next to nothing to victims of one if its own cities which has recently been completely destroyed.