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>Our social welfare programs pale in comparison to the subsidies and tax cuts given to big businesses, and other overrepresented groups. Tax cuts aren't spendi
by marcusverus 6y ago
>Our social welfare programs pale in comparison to the subsidies and tax cuts given to big businesses, and other overrepresented groups.
Tax cuts aren't spending and untaxed externalities aren't subsidies. Unfortunately, for whatever reason, the use of intentionally misleading language isn't as taboo as lying, so we'll keep seeing this old canard for the foreseeable future.
- cjohnson318 6y agoI am not trying to mislead anyone, this is my reasoning for using the language that I did. A subsidy is a sum of money given by the government to a corporation, so it is analogous to government spending on social welfare programs. A tax cut reduces the government's income, which on a balance sheet, has the same effect as government spending. Sure, a tax cutting policy is not the same as a spending policy, but their net effect on cash flow are both negative.