Top Five Worst Subsidies

Anyone versed in basic economics knows that government subsidies are almost always a bad idea. To be sure, government support can be crucial in furthering basic research and other beneficial activities that for-profit corporations avoid. But it’s a sad reflection of America’s budget process that we continue to subsidize activities that are well established and often highly profitable. In other cases, we taxpayers distort costs through our subsidies, thus encouraging over-consumption of a subsidized good relative to an unsubsidized one.

While many articles on this blog have been devoted to the topic, I couldn’t resist – so here’s my top-five list of most-reviled government subsidies:
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