Columbia Basin, Ephrata, WA | reformedbanker - 9/9/2025 12:02
Say I go to the grocery store to buy a $3 loaf of bread.
The government has decided to subsidize 2/3 the cost of bread. The government also sets the price such that all retailers of bread must sell bread for $3 and the bread must be the same no matter who you buy it from.
I pay $1 and the government pays $2. I agree that the grocery likely sells more bread than they would without the subsidy. I disagree that the government should pay me $2 for not buying bread. Hard to argue to the buyer of bread does not receive bulk of the benefit.
Easy to argue, if the bread buyer can make his own for $0.95 but his banker requires purchasing the $3 bread to assure they get a piece of it and of the $2 government money. The bread buyer is stuck paying an extra 5c and the taxpayers pay a lot more, but at least the banker gets job and income security and can go online to gaslight people.
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