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I wouldn't consider the government not taking their money a subsidy. A subsidy would be the government giving them money. There are drilling specific tax breaks
by nonethewiser 3y ago
I wouldn't consider the government not taking their money a subsidy. A subsidy would be the government giving them money. There are drilling specific tax breaks but it's similar to other industry specific R&D tax breaks like agriculture and tech.
- ceejayoz 3y ago"It's like these other highly subsidized industries" doesn't make it not a subsidy. "We will tax you less than other people" is absolutely a form of subsidy.
- nonethewiser 3y agoI feel like we’re really stretching the term. People don’t normally say the government is subsidizing their income because the standard deduction exists. Phrasing it this way also just begets that tax deductions are subsidies: “It's like these other highly subsidized industries.” Its rephrasing your conclusion rather than making some new point.