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34. Massive spending on the military combined with less tax revenue led the creation of a massive

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Military spending is one area where there is no private solution. No single corporation or group of citizens is motivated and trustworthy enough to take financial responsibility for maintaining a nation's military.

  • Every dollar spent on defense is a dollar not spent on other public services.
  • On the other hand, dollars spent on the military wind up in the private sector as payment for goods and services the military requires.
  • Military spending may skew civilian technology development, but talent and applications flow both ways.
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