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<blockquote data-quote="wkmac" data-source="post: 1701248" data-attributes="member: 2189"><p>It still steers behavior and acts as a market intervention. It also can incentivize the misallocation of resources that create unintended consequences. </p><p></p><p>It may also create bubbles that at first seem profitable only to later pop which can cause greater economic harm than had they never been there to begin with. </p><p></p><p>A tax credit can also create a tax burden elsewhere as through any central planning tax model, wealth is redistributed from a disfavored behavior and into a favorable behavior. Quite often the behavior is not so much as bad to good but rather one self interest better connected than the other.</p><p></p><p>When gov't takes from one and gives to another, it's still redistribution to me. That's how I see it.</p></blockquote><p></p>
[QUOTE="wkmac, post: 1701248, member: 2189"] It still steers behavior and acts as a market intervention. It also can incentivize the misallocation of resources that create unintended consequences. It may also create bubbles that at first seem profitable only to later pop which can cause greater economic harm than had they never been there to begin with. A tax credit can also create a tax burden elsewhere as through any central planning tax model, wealth is redistributed from a disfavored behavior and into a favorable behavior. Quite often the behavior is not so much as bad to good but rather one self interest better connected than the other. When gov't takes from one and gives to another, it's still redistribution to me. That's how I see it. [/QUOTE]
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