One problem that I have with arguments like CATO’s recent essay on farm subsidies is that it relies, in part, on the argument that the policy in question causes higher taxes. The inference is that if you agree with CATO and eliminate farm subsidies you get lower taxes. Unfortunately, that simply isn’t the case. Our greedy politicians would just find another interest group to buy and the consumption of our precious tax dollars would be unlikely to change.
I certainly agree with CATO’s conclusion that farm subsidies should be slashed, but propping the argument on the tax rate is hardly compelling when we all know better.