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.
