Comment by spaqin

I'll grab onto the very first thing you've said as it seems to be a basis for the rest - taxation isn't fun, but low taxes don't guarantee anything. Look at Hong Kong - one of the lowest tax rates in the world, but it doesn't really mean the citizens have more free income. The government still needs money to function, and the main source is land sales instead. The landlords have taken over instead and insane rent for smallest places is now the actual tax. And then it's reflected further in the price of the food or products, where rent is the biggest business expense.

The money just goes into private hands instead. Is that really the better option here? Innovation isn't necessary if you have a de facto monopoly - and frankly, Facebook is a good example; nothing it has done in 10 years was actually an improvement to the service or humanity.

It would be alright to socialize the good parts and get rid of the bad ones.