Billionaires are good at managing money, they don’t waste it, and they find areas to invest where they will get the best return. Now I don’t begrudge billionaires their fortunes. In most cases, these individuals have offered a product or service desired by millions of people…if not hundreds of millions (Amazon) or even billions (Facebook). Billionaires do not offer to ‘give’ their money to government. Why? They know that government is inherently wasteful. Government has no competition. Government agencies have zero incentive to underspend their annual budget. If they do, next year’s budget gets cut. So they spend every available dollar, often buying unneeded things at the end of the fiscal year…and then these agencies clamor that they need a 7% increase in next year’s budget allocation. Billionaires understand this. Just look at SpaceX which is providing a much needed boost to our space exploration efforts faster and more cost effectively than NASA could ever hope to achieve. That’s why billionaires funnel their wealth into their own businesses or charitable foundations where they see a better return on their investment. You may not be a billionaire, but know what they know:

Inefficiency and waste make government a poor investment. Why would any voter want to make it bigger?