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Podcast: The Crucial Distinction Between Subsidies and Tax Cuts

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It’s bad enough that government forcibly confiscates our wealth for the purpose of transferring our money to others in the form of welfare (whether regular or corporate). Adding insult to injury, pundits and politicians often speak as though letting a person keep his own money is the equivalent of handing him someone else’s money. They use the terms “tax cut” and “subsidy” interchangeably.

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