Aug 20 2008
Government Makes Things Cost More
Dr. Williams in his article “Economic Myths” reviews Professor Lott’s latest on government and economics. I know, one economist talking about another sounds boring but it isn’t. Its full of easy to understand examples. See it here Economic Myths
“A far more successful means to monopoly wealth is for businesses to enlist the aid of congressmen to form a collusion. Classic examples are the dairy industry, which uses the U.S. Department of Agriculture’s Federal Milk Marketing Orders to set statutory minimum prices, or the Gasoline Retailers Association using state law to do the same or the sugar industry using Congress to establish quotas on foreign sugar imports.”
“The U.S. Department of Justice would go after a private business using similar predatory practices of intimidating its rivals and selling goods and services below cost. The U.S. Department of Commerce sanctions foreign companies accused of selling goods in the U.S. below cost with anti-dumping duties. If selling goods below cost is seen as unfair in the international arena, why is it not when it’s done by government entities? ”
When the government sells goods and services below cost, who makes up the difference? Who is the governments’ source of cash? You are! You the taxpayer!
The quantity of bills and laws in existence to provide a competitive edge to certain businesses is startling (and frightening). You may not be a user of bulldozers, earth movers, etc. but you pay for them with your tax dollars when congress subsidizes those industries. What would happen if these businesses didn’t have government propping them up? They would become more efficient and competitive.
Sheila Jackson-Lee Rated By Chamber of Commerce
Rated 31% by the US COC, indicating an anti-business voting record.
Jackson Lee scores 31% by US Chamber of Commerce on business policy
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