Current Events — HabitableZone

Current Events » in reply to Yes. Your way the government gives them the money to effect the bailout.

re: Yes. Your way the government gives them the money to effect the bailout.

There's a difference between a tax break and a subsidy.

The former allows a person or company to keep more of the money that they already have, so they can do something more useful with it than the government usually does.

The latter takes money from taxpayers and gives it to a person or company that hasn't earned it. This is "transferring wealth." The other isn't, unless you subscribe to the theory that all wealth belongs to the State to begin with and the only quibble is how much you let people keep.

Even if you don't understand the difference, you can bet on this:

A person or business is much more likely to do something useful with their own money than the subsidy/pork recipient is likely to do with somebody else's.

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