2 , 4 and 6 are your strongest points in my opinion.
2) Beaurocracy is ridiculous, and in essence contributes nothing to scociety (much like lawyers when I come to think of it). Rules should be simple, and not debatable. "Do not kill" doesn't give you that much leeway. However, "Do not kill, unless you are in mortal danger, are in the upper class of scociety, or have knowledge that said victim has not paid his tax, unless of course it is a public holiday, where all killings are accepted providing the weapon of choice is a firework" is what I see happening now. Of course my statement is exxagerated, and in a certain sense in the wrong direction, but I think the point has been made.
4) My main concern is the separate legal identity. If a single buisinessman, owning his own company paid his/her employees far below minimum wage, could be sued for everything he owns. However if a large scale multinational company does this, nothing happens to the individual shareholders, even when they are aware of this, and still investing in the company (Nike, McDonalds ect being my main examples). And the governments of the country would find it difficult to impose minimum wage laws due to the unemployment it would bring, the capital goods it would remove from the economy, and perhaps bribes from the company itself. I think if the facts are known, the (main) shareholders should also be to blame.
6) I have never understood the concept of spending more than you have. I can understand why a government would spend as much as it earns rather than saving it (Money could be invested in low skill construction/training ect, boosting employment, increasing revenue and decreasing benefits paid from taxes), as it can potentially have greater benefits. But, (This slightly contradicts my last statement) if the government saves this money, when there a recession, the government can invest in all of this instead, and pay much less for all of it, as demand has fallen greatly, so prices have fallen. It isn't the best possible way of boosting an economy, but it is a mentality which enables the government to
1.Reduce costs on necessary and beneficial projects (and potentially fund more than would have been able to before)
2. Not overspend, and be prepared for the next recession