Externalities

I got The Age of Turbulence for Christmas. Very interesting so far, especially to read with hindsight given recent history. This passage is fascinating: “…According to objectivist precepts, taxation was immoral because it allowed for government appropriation of private property by force. Yet if taxation was wrong, how could you reliably finance the essential functions of government, including the protection of individuals’ rights through police power? The Randian answer, that those who rationally saw the need for government would contribute voluntarily, was inadequate.