One point here: the government doesn’t pay out a large chunk of it’s earnings to people who did nothing to ensure that the product or service was delivered.
They got paid a large percentage of revenue because they’re shareholders.
Tell me again why taking a big pile of money from customers, who are very likely not wealthy (at least for the majority), and giving it to wealthy people, is “more efficient” than the government doing the same job and just, not doing that?
If you cut out the profit, the “business” runs more lean, no matter which way you arrange the numbers. I would argue that a more lean business model is simply more efficient. The dollars going in simply result in more output per dollar. IMO, that’s efficient.