This is incompetence at the worst possible scale:
To be clear, taxes reduce economic activity. At best, if 100% reinvested into economic activity, they pervert the most efficient use of funds into less efficient activity. But it rarely is 'at best'. Taxes dampen business opportunity by reducing funds available to spend on business activity (e.g. investment, hiring more people, advertising). Government deciding where money gets spent hides what is not working (e.g. Solyndra).
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