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How Economic Intervention Skews The Marketplace
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<blockquote data-quote="wkmac" data-source="post: 891684" data-attributes="member: 2189"><p>You're correct Baba and this is the kind of "corp. welfare" or better called market interventionism that needs to be stripped out of public policy. In a real sense, the average taxpayer is saddled with a higher tax burden as certain business interests are able to shift their costs to reap a future reward and insurance companies enjoy a revenue and profit stream thanks to these same taxpayers. IMO, this is naked welfare on the same order as public welfare and if one is against public welfare (I am) then I have to be consistent and demand the end of this type of welfare too!</p><p></p><p>I also oppose on the grounds of Freemarket ideals as this type intervention skews the natural marketplace and causes mis-allocation of resources which is the cause and effects of booms and busts, a terrible reality we've all learned the hard way.</p></blockquote><p></p>
[QUOTE="wkmac, post: 891684, member: 2189"] You're correct Baba and this is the kind of "corp. welfare" or better called market interventionism that needs to be stripped out of public policy. In a real sense, the average taxpayer is saddled with a higher tax burden as certain business interests are able to shift their costs to reap a future reward and insurance companies enjoy a revenue and profit stream thanks to these same taxpayers. IMO, this is naked welfare on the same order as public welfare and if one is against public welfare (I am) then I have to be consistent and demand the end of this type of welfare too! I also oppose on the grounds of Freemarket ideals as this type intervention skews the natural marketplace and causes mis-allocation of resources which is the cause and effects of booms and busts, a terrible reality we've all learned the hard way. [/QUOTE]
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