Privatization to Reduce Taxes
This paper examines privatization as a solution to lower government spending and to better serve citizens.
The author describes how privatization can help reduce taxes. Concerns of privatization are addressed such as cost, improving benefit to citizens, reducing paperwork and red tape within the agency, and creating job opportunities in the region. The paper also addresses the controversy surrounding privatization including debate over security federalization and efforts to privatize as well as the involvement of politics. The author finds that the issue of the success of privatization is still questionable and it depends on the government’s implementation.
In the past two decades increasing bureaucracy and bloated budgets have prompted some governmental groups to look for solutions to keep spending on target and to better serve citizens. One of the solutions tried numerous times and in numerous ways is the privatization of various services. Although privatization has been around in some form for centuries, it’s only been in recent years that it’s picked up so much popularity and so much controversy. From golf courses to schools, prisons to water authorities, there isn’t an area that the government hasn’t attempted to fix through the involvement of private companies.