Nebraska aka the boondocks | One reason nothing will ever change is, because you will never be able to define what is and what isn’t a subsidy that should university cut. Subsidies can be direct or indirect. Are tax laws indirect subsidies, is ch 13 an indirect subsidy? One guy may use EQIP, beginning farmer, another may take ccc loans. Another may do neither and only takes whatever ad hoc money comes along. Another may only use crop insurance, another none, another anything they can get their hands on. There is simply no way, all industries would agree to the doors closing. Beyond that, states like Nebraska rely heavily on property taxes, what happens to local revenue when land prices plunge? A state then needs more federal monies? Most states only balance the books because they all get federal monies each year. I would suggest this, there is no way out! So I consider it a moot topic. One can take solice in this, payments today, I would guess, are way less than adjusted for inflation than PIK and other programs. It seems to me, off the top of my head that yearly direct payments used to be a larger percent of income than today…. |
New Zealand subsidy story
