Wednesday, March 9, 2011

Subsidies, Subsidies, Subsidies everywhere

I link to this story not as a slam on those politicans involved, but to remind people that there are many forms of subsidies in our society, more than many are willing to acknowledge. 

From 1995 through 2009, state Sens. Luther Olsen, Dale Schultz and Sheila Harsdorf all had stakes in farms that received between them more than $300,000 in taxpayer funds.

I've mentioned the home mortgage interest deduction in the past, and there's subsidies for economic development (tax incremental financing, etc.).

To protest only subsidized housing, whether it is subsidies for renters (Sections 8, 202, 811) or subsidies for housing developers (tax credits, bonds), and to ignore all the other forms of subsidies that exist is quite...hypocritical.

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