Tuesday, February 08, 2005
Subsidies
One of the results of the Open Threads here and of conversations on other sites and in live conversations is that subsidies generally interfere with both free markets and with true environmental progress.Crumb Trail: Cold Cuts discusses possible cuts of farm subsidies, as does Instapundit:
David Rockefeller, the former chairman of Chase Manhattan and grandson of oil tycoon John D. Rockefeller, who received 99 times more subsidies than the median farmer;
Scottie Pippen, professional basketball star, who received 39 times more subsidies than the median farmer;
Ted Turner, the 25th wealthiest man in America, who received 38 times more subsidies than the median farmer; and
Kenneth Lay, the ousted Enron CEO and multi-millionaire, who received 3 times more subsidies than the median farmer.