Is, in a word, government.

All the passionate talk about the personalities and potential crimes of the presidential candidates has obscured debate about what the federal government actually does. Both Trump and Clinton promise to spend us to oblivion taking care of various collectivist groups: vets, seniors, farmers, military contractors, teachers, etc.

But that spending (and inevitable taxing) serves one overriding purpose: to make the people in Washington D.C. ever richer and more powerful. Its a bipartisan bonanza. Yes, the money will trickle down to those constituents I listed above. But the politicians, lobbyists, regulators, and other government employees take their cut first. All that money requires programs and administration. Who does that? Why the people who work in government. And what is the result?

Kevin Williamson explains. I tease you with this: “But Washington builds no iPhones. It doesn’t really build much of anything, and it doesn’t create any wealth — it just takes it.

Here.

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