Subsidies and special (targeted) tax breaks are identical from an economic standpoint. Let me explain why. => https://www.facebook.com/justinamash/posts/10153740170803866 …
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@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. -
@justinamash Broken window fallacy is about how demand drives supply, but I'm not making that point. I believe in opposite, Say's Law. -
@AristotlesAge You are not seeing half the picture. Subsidies and targeted tax breaks have same opportunity costs. Both cause higher taxes. -
@justinamash Anyways, g'night, have to postpone this good discussion. Keep fighting for liberty and rights. -
@AristotlesAge Thanks. Enjoyed the discussion. Please keep considering my point. I think it's critical if we are to preserve liberty.
End of conversation
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@justinamash Consequently, subsidies breed bad business incentives by relying on other peoples' money rather than one's productivity. PoisonThanks. Twitter will use this to make your timeline better. UndoUndo
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