Individual spending decisions differ from the funding of shared infrastructure. Consumers can decide how to spend on food, clothing and ordinary goods. Roads, ports, hospitals and schools require sustained funding and administration. This argument for public provision assigns government a role in organising those systems and collecting the revenue to support them.
Notable Point · 2:54:17-2:56:10
Public finance balances private choice and shared infrastructure
Taxation shifts some private income into roads, ports, hospitals, schools, and other services that require pooled funding and sustained administration.