Wednesday, March 31, 2004
Government subsidies would be drastically reduced, starting at the top. That is, there would be a prohibition against giving a dime of government money to anyone whose annual income or total assets exceed one billion dollars. Why should agricultural subsidies be going to Ted Turner and David Rockefeller, or "universal health care" pay for their medicine?
Who could object to cutting off subsidies to billionaires? Once that was done, however, the next step would be to cut off millionaires. Then we could proceed on down the income scale until people making a hundred grand a year could no longer expect to be subsidized with the taxpayer's money.
The great advantage of this way of proceeding is that it would rob the media of opportunities to run sob stories about how some poor person was hurt by cutbacks in some government program -- even when the vast majority of those who were hurt were the bureaucrats who run these programs and slick special interests who hide behind the poor.
By the time we got down to cutting off all government subsidies to people making $100,000 a year or more, the federal budget would probably not only be balanced but have a surplus. Of course, there would be hordes of unemployed bureaucrats being interviewed on TV, complaining that the world was going to end, without their vital contributions. But that could be brushed aside.
You must read this guy. You will learn so much.