Sugar Subsidies are Welfare for the Rich
2 years ago
10.2K
The U.S. sugar program costs consumers billions, while rich politically-connected sugar industry CEOs get richer.
The program is “Stalin-style price controls," Ross Marchand of the Taxpayers Protection Alliance tells me.
The U.S. government uses a complex system of loans, domestic quotas, and limits on how much sugar we can import. The goal is to control the price of sugar.
I call it “Welfare for the rich."
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