Bureaucratic rightsizing a big part of fiscal reform push
* BusinessWorld February 20, 2023. --------- “The prodigal perverts by not confining his expense within his income, he encroaches upon his capital… By diminishing the funds destined for the employment of productive labor, he necessarily diminishes the quantity of that labor which adds a value to the annual produce of the land and labor of the whole country.” — Adam Smith, The Wealth of Nations (1776), Book 2 Chapter 3, Of the accumulation of capital, or of productive and unproductive labor Among the displeasure by the public of the huge and elaborate government bureaucracies, both national and local, is that they produce very little except more regulations, restrictions and prohibitions, require more taxes, fines and penalties. So the public desire less bureaucratic restrictions and taxation, more free enterprise and competition. Reforming the government bureaucracy has been tried in many administrations before but did not prosper. Here are 10 things about the bureaucracy an...