Just as allowing a person to keep more of their own hard-earned money is not a “tax subsidy,” taking away special government favors merely takes away what the recipient didn’t deserve in the first place. From Brandon Smith at alt-market.com:
For many years now I have been pointing out that there is a false public perception of the relationship between governments and corporations. In the past the belief has been that government is supposed to keep private business in check while private business is supposed to limit government intrusion through the assertion of property rights. But when it comes to major corporations there is no such game of balance. In reality, international conglomerates like Disney generally do whatever they please because they are PARTNERS with government.
For whatever reason, certain companies are afforded special treatment by state and federal institutions and what this does is create problems. This is not a free market system, rather, it is socialist and monopolistic. Subsidies and incentives can sometimes be used to encourage business growth, but when they are afforded to only a tiny handful of mega-corporations the result is the opposite; the growth of competition is stifled and small to medium businesses will never be able to compete with the giants that have already garnered government protection.
