Post #21093 by Mark on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

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Above all, it’s our market system – an economic traffic cop ably directing capital, brains and labor – that has created America’s abundance. This system has also been the primary factor in allocating rewards. Governmental redirection, through federal, state and local taxation, has in addition determined the distribution of a significant portion of the bounty.

Now what happens if government grows and grows to comprise more and more of GDP? I don't know exactly, but I call it "empire syndrome", where the expenses of governing grows more and more and more until it implodes and then everything has to start anew (usually via wars, revolutions, major structural changes, etc, nothing particularly good).

https://bit.ly/4p2c3gi

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