I know that most of you listening to the show today will be against subsidies but do you understand why?
It’s one thing to say “taxation is theft” and then support that statement with an understanding that stolen money shouldn’t be appropriated as a form of corporate welfare.
But do you really understand WHY we shouldn’t prop up a company, market or industry? Do you know what happens in the economy when you do?
That’s what I want to talk about today. We’ve got a great example in the news that illustrates the problem perfectly.
Also, I got a chuckle out of Walmarts latest attempt to combat Amazon. I’ll tell you about it at the top of the show.