Posted tagged ‘companies’

Ending Spending Rather Than Endorsing Failure

March 20, 2009

Even though we aren’t in any position to do this, I propose that the government end all subsidies and corporate welfare.

Essentially, these government expenditures are bailing out failing companies on a daily basis. Companies that can not survive on their own are not producing wealth. Instead, they are sucking it from the successful corporations.

By bailing out companies everyday, with subsidies and corporate welfare, progress is slowed and wealth is given away. It is not government’s responsibility to redistribute wealth among companies.

By letting these companies fail, we are opening the market up for companies that can really produce wealth. Instead, like carcasses, companies take up market space and do not produce.

By subsidizing failure, we get more failure.

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