A Quote by Nicholas Kristof
However imperfectly, subsidies for the poor do actually reduce hunger, ease suffering and create opportunity, while subsidies for the rich result in more private jets and yachts. Would we rather subsidize opportunity or yachts? Which kind of subsidies deserve more scrutiny?
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Giving subsidies is a two-edged sword. Once you give it, it's very hard to take away subsidies. There's a political cost to taking away subsidies.
Subsidies for the oil, gas and coal industries are projected to cost taxpayers more than $135 billion in the coming decade. At a time when scientists tell us we need to reduce carbon pollution to prevent catastrophic climate change, it is absurd to provide massive subsidies that pad fossil-fuel companies' already enormous profits.
I think when ordinary working people come home, turn on the TV and see a gala of a bunch of people at, you know, a rich gala all subsidized by taxpayers claiming their subsidies aren't high enough, when they know those subsidies have actually gone up - I'm not sure that's something that resonates with ordinary people.
Subsidies and grants throw off the natural market signals that are supposed to allow students to make informed decisions on the true value of a college degree. Increasing aid, and expanding subsidies only intensifies the problem which will lead us down a path of more college dropouts and a continuation of skyrocketing tuition.
When the subsidies are going out there to fund arts, I'd like to see jazz given a better shake of the dice. It attracts as many people as opera does, but not the subsidies.
The public subsidies provided to miners, loggers, and ranchers are as extravagant and as harmful to the public interest as the subsidies that the Federal Reserve and Treasury provide to the 'banks too big to fail.'
Subsidies create more of whatever is being subsidized.
Remember back in the nineties, a bunch of Democrats decided to tax luxury items, including yachts? They figured it was not fair that some people could afford yachts, and so since they could, they said, "We're gonna tax the hell out of yachts at the point of sale, 'cause it's not fair. We need to collect revenue from all this!" What happened was that the people who actually build the yachts lost their jobs because people stopped buying them.
Private charity discourages poverty while public subsidies encourage it.
The Joint Committee on Taxation estimated that in 2016, the corporate income tax raised $300 billion in revenue, while what it called 'targeted subsidies' cost about $270 billion. In other words, Congress could eliminate the subsidies and cut the corporate rate nearly in half without any significant loss in revenue.
My house is solar powered. I tell Republicans, you can hate the subsidies - I hate the subsidies, too - but you can't hate solar panels. These are rocks that make electricity, so they are incapable of receiving your hate.
The minute you hear subsidies, I don't care what, if it's health care, buying cars, the minute you hear subsidies, you have to understand, whatever's going on here, it isn't market forces.
We want a comprehensive package that covers export subsidies, tariffs and overall levels of support. British Prime Minister Tony Blair is making central to his summit speech that he wants to abolish all export subsidies. It is up to him to push the European Union in that direction, and the U.S. needs to reciprocate.
My house is solar powered. I tell Republicans, 'You can hate the subsidies - I hate the subsidies, too - but you can't hate solar panels.'
Corn is already the most subsidized crop in America, raking in a total of $51 billion in federal handouts between 1995 and 2005 - twice as much as wheat subsidies and four times as much as soybeans. Ethanol itself is propped up by hefty subsidies, including a fifty-one-cent-per-gallon tax allowance for refiners.
Let's get rid of all our subsidies together. Let's join hands as wealthy industrialised nations and say to the world, we're going to get rid of all our agricultural subsidies together.
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