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Same reason I'm ok with the government building a road even though I don't personally drive. It's an economic multiplier. It increases opportunity overall by fa
by ummwhat 7y ago
Same reason I'm ok with the government building a road even though I don't personally drive. It's an economic multiplier. It increases opportunity overall by facilitating more transactions than were previously possible, and the net economic growth can flow back to me even though I didn't directly use it.
I'm not universally in favor of subsidies, just in certain specific instances where the economic multiplier is high and a large fraction of the public benefits directly (usually infrastructure).
- Spivak 7y agoWhich is why I'm so surprised that people dislike farm subsidies so much since every single person in the US benefits from cheap corn being available.