A problem in public finance

The problem with pushing all ownership back into the household sector, is that there remains a large chunk of socially useful capital unclaimed.  This is the government.  Let’s call it the public sector.

The public sector is largest single economic entity-this without looking at the data.  In terms of net worth.  Just a guess.

Who does the public sector belong to?  Does it equally belong to each caput?  Prima facie, no.


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