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It’s not really that rare, there’s a reason for the common saying in public choice, “concentrated benefits, dispersed costs”. Think subsidies. Industry specifi
by xondono 5y ago
It’s not really that rare, there’s a reason for the common saying in public choice, “concentrated benefits, dispersed costs”.
Think subsidies. Industry specific subsidies (e.g. farmer subsidies) are popular, while industry wide subsidies (e.g. tax cuts for business) aren’t.