I spent a few years as construction consultant. Basically, I worked for the banks. Bob the builder applied for a loan to build a shopping center. Let’s say it’s $50,000. Pretty sizable center. Bob sends his plans, pics, etc to the bank, the bank contacts us and asks…can this be done for $50M. We look at all the factors including other centers recently built, the area, cost of supplies…we say yes or no and make recommendations.
Fast forward to the approval, the banks don’t say, “you’re approved, here’s $50M. Good luck.” The builder gets draws. A few months in they submit the first draw, the land has been cleared, the foundation poured, they ask for that money AFTER the work has been done. I go out, say yes it’s all done, or say, the foundation is ready to be poured, but it hasn’t been poured yet, I’m cutting the draw. It protects the banks.
All that to say, the government has none of the above. None. “We need new roads!” Some how says that’ll be $75M, the government says ok. They don’t have someone check to see if it can be done for half. They say they do, but I’ve seen their approvals. Woof.
Anyway, taxation to a degree is theft, but we do need roads, municipalities, etc…but with MUCH better checks and balances.
This is false.