Government's outright waste of money is galling at any time, much less at tax time. However the recent Phoenix pay system boondoggle can't be overlooked. Not when its architects are getting bonuses for overpaying Federal employees 100's of millions of dollars.
Government inefficiency and wasting money is something virtually everyone has come to expect. The increasing push from politicians and political action groups towards a distracted voting public is to expand the role of government to correct the very problems that it itself creates. A solution we no longer have the financial luxury to afford.
The most significant trend in a lifetime is the split in our society between those who are all talk and no action, and those who seek effective ways to solve societies pressing problems. The violent reactions between the groups may be just the beginning of a sea change.
Concern over climate change doesn’t excuse the failure to do cost/benefit analysis and financial viability assessments on taxpayer funded projects and policies. Sadly, to date those issues are not even a consideration and as a result big money has been blown.
The movement to reject the powers that govern, or influence thought in Western Democracies is gaining momentum. Change will be significant, including on the financial markets which will be impacted dramatically.