". . . I would argue that there is nothing morally wrong with receiving a subsidy, even from government. The moral corruption in government subsidies is not in the recipients, except insofar as they deliberately pressure legislators for money. The moral corruption is in the subsidizers, who are taking money involuntarily from A to give it to B."I think this is an interesting point. There are people who are demanders of subsidies or gifts from others, and there are people who are suppliers of subsidies or gifts. When the suppliers respond by taking from their own pocketbooks, their charity is a good thing. But, when the suppliers respond by taking from the pocketbooks of others charity is not what is going on.
". . . for almost a century the basic principles on which this civilization was built have been falling into increasing disregard and oblivion." -- Hayek
Thursday, May 22, 2008
Of Subsidies & Charity
ARNOLD KLING:
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