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>...a government fails to make an industry pay for damage it causes, such as air or water pollution, that also amounts to a subsidy. Thinking about that one, t
by tim333 2y ago
>...a government fails to make an industry pay for damage it causes, such as air or water pollution, that also amounts to a subsidy.
Thinking about that one, there are a lot of bacteria that break down vegetation releasing CO2 and the government fail to tax them! Stop subsidising bacteria!
Actually I prefer the old fashioned definition of subsidy - money paid to industry is a subsidy, money extracted is a tax even if the tax calculation includes deductions.