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there's multiple ways to deal with that. i just want to name a few:
Singapore has low taxes and high public spending, due to the government owning significant shares in all the major companies there. Public services are funded from the dividends. There's the added bonus that the government have people on the Board of Directors to prevent any anti-consumer or anti-competitive corporate shenanigans before they start, rather than having to challenge it in court later on.
The US or UK occasionally buy shares in companies to bail them out, but always flake out a few years later and sell them for a quick pre-election cash injection.
yeah i'm actually a big fan of state-run companies, such as schools and medical facilities and transport companies (they are companies too, think about it. just not for-profit companies, but public-benefit companies). i'm even thinking it maybe could be extended a little further to make maybe 30% of the apartments in a city city-owned.