I was trying to figure out which sector is actually more important, the public or private sector?
Leaving Government aside.....
If we had no private sector then all services would be provided by the state, Which runs a perpetual budget deficit system. It would be pointless having a income tax system because you would have to borrow the money, to pay staff, then pay back interest on the money, after you'd witheld this 'tax' from your employees. After a few years the deficit would be huge. So when you borrow more every year to keep this system going, then economically, a system such as this makes zero sense.
The cost of the public service is a huge economic burden on our country.
If we had no public sector, then all of the services would have to be provided by the private sector. Not so bad as the private sector has to run a budget surplus system or go out of business in time. The extra money the private sector brings in can be taxed.
There is no profit to be had from looking after anybody who cannot pay for essential services themselves. Whether it be health, public transport, whatever The poor and the sick would suffer.
The cost of the private sector is a huge social burden on our country.
On balance what is the best solution?
It is clear the only feasible and possible solution that is both economically and socially fair is to have a public service that runs a budget surplus.
If the government gets tax from the private sector and invests it to fund public services that would ultimately generate profit, then the vulnerable can still be looked after by the state AND we have a profitable Private sector with very little social burden in Ireland.
So it is time the government rethinks how we do business and aims for budget surpluses instead of budget deficits.
Why do we assume we have to work on a deficit system?