There is a third way gummint can raise funds; exactly the same way everyone else does.
The Gov could get into business. We could have such things as, say, a Gov owned Telco, or a Gov owned bank, or Gov owned insurance companies, or even a Gov owned airline.
Or hey. What about a Gov owned Super fund, that was actually guaranteed to pay out more than you put in, regardless of the vagaries of the marketplace?
All these enterprises could be profitable, employ more people, and offset our tax base.
They could also probably supply superior service, by not outsourcing to other countries, and provide a benchmark for upper management salaries and perks.
I wonder why no one's thought of this before?

Hey what a great idea Grim.

(If only)

Grim & Pelican

Imagine a world where public necessities were run for the benefit of the public and not for profit... long, long ago, in a galaxy far, far away...

Absolutely Ammonite and governments of all colours are intent on selling off all public assets without the persmission of the people. What is left to sell, there is still the Snowy Hydro - that will probably be next.

Wobbles nailed it on this post on page 2 for mine SM.