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1️⃣The new #governments emerging from #web3
What do governments do?
They collect #taxes and #buildpublicgoods such as roads, bridges, dams, etc.(this is oversimplified)
They also print money cause inflation and taxes people indirectly!
What do governments do?
They collect #taxes and #buildpublicgoods such as roads, bridges, dams, etc.(this is oversimplified)
They also print money cause inflation and taxes people indirectly!
2️⃣who is deciding which public goods to fund?
Mostly by the government representatives who are elected by the people. Most of the government's representatives, don’t represent people's interests most of the time because of personal biases, and corruption.
Mostly by the government representatives who are elected by the people. Most of the government's representatives, don’t represent people's interests most of the time because of personal biases, and corruption.
3️⃣25 Trillions $ spend year on public goods.
As the strength of the chain depends on the weakest link. The weakest link in the current government power structure are the corrupted representatives who make decisions in favor of their personal benefits.
As the strength of the chain depends on the weakest link. The weakest link in the current government power structure are the corrupted representatives who make decisions in favor of their personal benefits.
