There is huge political opposition to raising taxes and cutting spending during expansions, yes. However there is huge political support for cutting taxes and increasing spending during contractions.
There is huge political opposition to raising taxes and cutting spending during expansions, yes. However there is huge political support for cutting taxes and increasing spending during contractions.
Would they have to always want that though? I mean, I believe a lot of things can be made more efficient by economies of scale, and in some cases avoiding perverse incentives of for-profit motives (the stories I keep reading about the worst of the American prisons come to mind). In other words: that some systems work best when handled by the government. So I have no trouble believing there are situations where paying more taxes gives me the best value for money in terms of increasing personal happiness, because they would be spent on improving those systems.
I'm not sure if there is any government out there currently that I trust that much, but it's sounds hypothetically possible to me.
That's a misconception. State run prisons are no better.
Regardless, it's not that people don't want government to provide services. They want government services and they want low taxes.
Sounds an awful lot like the post 2008 environment, no?
The real problem with the 2008 recession is monetary stimulus doesn't really work.