Carnival of the Metronome
Like a metronome every Monday the Carnival of the Capitalists comes by and highlights when I have missed a beat and not posted anything since last Monday. Even worse, today is Tueday. Today's picks from yesterday's Carnival of the Capitalists:
- Biased reporting on the Social Security Issue.
- Progressive taxation and what it really means. What is fair?
- The problem with subsidies is that the never go away. Ever. Google on sugar subsidies if you want an education. They were enacted two hundred years ago as a temporary measure to protect the United States sugar industry. Two hundred years of temporary protection! Bah!
I don't stop by your blog too often, but occasionally read Carnival of the Capitalists. I have to wonder at your choice of those three items though. The biased reporting one gives clumsy definitions of liberal and conservative that pretty much describe what everyone agrees and adds "guaranteed" hyperbole to each statement (I guess to move them left or right?). Then there is the college student who doesn't seem to understand how precentages work. And finally the person who confuses an incentive for a subsidy. Did you actually read them? I liked the ones about beer taxes and inconclusive readings about inflation.
I agree with you on the sugar subsidy. Corporate welfare harms markets. Subsidies should be prudently phased out in the US and saved for occasionally necessary strategic government invesments, which is the intention.
By Christopher Thompson on May 8th, 2005 at 11:37 pm