007 - Subsidization Nation

Key Points

 

Subsidies

• Are a redistribution of wealth and a violation of property rights.
• Allow the Federal Government to pick winners and losers.
• Add to the Federal Debt.
• Create distortions in free markets.
• Create a moral hazard.
• Create crony capitalism.
• Create regulatory capture.
• Are unconsitiutional.

 

Resources:

 

 

The Pig Book

Uncle Sam's Favorite Corporations

The Convention of States Project

 

Special thanks to Kerosec Productions for producing/composing/mixing/performing the theme song.