On the recordSeptember 25, 2003
There is waste in the private sector, just like there is waste in the public sector; but the waste in the private sector pales in comparison to the waste that is in the public sector. So it has been proven all over the world that the more money that can be left in the private sector, in whatever country, the better off everyone is, the better off especially the poor and low-income people are because more jobs are created, the lower prices are; and so all over this world it has been proven that the more money government takes, either legally or illegally or corruptly, that the people who are hurt the most are the poor and working people of that particular country. In every country where we have been able to keep the amount of the GDP that the government takes to a relatively small amount, the better off everyone is, especially the poor and lower-income people.
Source
govinfo.gov
