@justinamash Except they are not, because OWNERSHIP differs. Distinction between keeping more of your wealth and stealing others' wealth...
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@AristotlesAge No. Big-government politicians make a rhetorical distinction to disguise what's happening. TARGETED tax breaks ARE subsidies. -
@justinamash 4 elements here: targeted/non-targeted, and taxing less/subsidizing more. All tax breaks = good, even if targeted = less good -
@AristotlesAge Govt taxes $100 per business and mails $10 check to Business X = Govt taxes $100 per business and exempts $10 from Business X -
@justinamash Not the same because of ownership and incentives. Biz #1 gets $10 more of others' money. Biz #2 loses $10 less of its property. -
@AristotlesAge That's just semantics; they are functionally identical. And both scenarios violate the Rule of Law. -
@justinamash Clear distinction, maybe not in gov't net revenues, but in property rights, big dif. #2=less violations, #1=more violations. -
@AristotlesAge You're engaging in form of broken window fallacy. You assume alt to subsidy is lower taxes, but alt to tgtd tax break is not. - 4 more replies
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@justinamash Come on Justin. You are better than that. By that logic a tax cut across the board is the same as a spending increase. -
@justinamash The comparison you make only holds true if one assumes spending can't change which has no basis in economic theory. -
@Dyzalot I want lower spending, but only accurate way to compare *tax effect* of subsidies vs special tax breaks is to hold spending steady. -
@justinamash And how does one "hold spending steady" when adding a subsidy? You cutting elsewhere? If so then no "tax effect". -
@Dyzalot To accurately assess how subsidies and special tax breaks affect overall taxation, you must fix all variables other than taxation.
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@justinamash They are logically identical. Think of a targeted tax break as "no tax break followed by a subsidy of the desired amount." - 1 more reply
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@justinamash it's all pandering to special interests, Pandora's box, once opened u gotta pander to every little gripe that comes alongThanks. Twitter will use this to make your timeline better. UndoUndo
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@justinamash As for balanced budget amendment, it would be good to promote tax cuts and take away subsidiesThanks. Twitter will use this to make your timeline better. UndoUndo
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@justinamash ...the distinction in ownership affects incentives, so even the effects on productivity are not economically identicalThanks. Twitter will use this to make your timeline better. UndoUndo
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@justinamash FreeMarket Rule Based Government vs Socialist Central Planner Arbitrary Decree.@MEDC@BusLeadersforMI@DEGCAllBusinessThanks. Twitter will use this to make your timeline better. UndoUndo
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@justinamash so, a "targeted" tax cut(subsidy) reduces revenue, Got it.Thanks. Twitter will use this to make your timeline better. UndoUndo
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