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>> On the contrary, if my reasoning were sound, there is plenty of reason to
>> prevent private road building. As noted in my previous example, in some cases
>> it maybe profitable for a new investor to build a new road and split the
>> monopoly rents with an incumbent, but such an action would involve wasteful
>> duplication of infrastructure and would reduce social welfare overall. This is the scariest part of your argument. The losers in such a case would
be the people who spent their own money building a road which would never
return a reasonably investment - so the government has to prevent them from
wasting their own money. So you think that people must be prevented from
spending their own money FOR THEIR OWN GOOD! So the government has a right to
take my money off me and spend it on things they choose FOR MY OWN GOOD. .. clearly governments can spend my money better than I can. I'm just too
stupid to do it myself. Thank heavens the for government saving me from hurting
myself. Bizarre, just bizarre.
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