TOLFA Segment 15, Question 4

Why is it always better for investing to be done by individuals using their own money, than by knowledgeable government experts using money taken as taxes? Tax is stolen money, and there is an eternal law of the universe that what goes around, comes around.
Government decisions are taken by committees, and just as a camel is a horse designed by a committee, so is a government investment decision a compromise that seldom gets it right.
Their motivation is lacking; the money is not their own so there is less urgency to be as free of error as possible.
Investing is often a long-term matter, but government people have no interest beyond the next election.

Don't hurry away; even when you've got the right answer, try clicking on the others to see why they are wrong! Then when you have correctly answered this make notes in your student notebook, go to Question 5.

Segment 15 Page