Farm Bill Takes Aim at Taxpayers
Acton Institute PowerBlog

The new farm bill may be one of the most shameless displays of government largesse ever, even more so when you consider who will most benefit from the pork. Citizens Against Government Waste called it “The most farcical farm bill in history.” The Economist dubbed it “Harvest of Disgrace.” The Wall Street Journal opines, “If farm prices stay high, consumers face higher grocery bills and farmers get rich. If farm prices fall, taxpayers kick in the difference and farmers still get rich.” The most pressing concern is that billions of dollars in subsidies will be going to the wealthiest agribusiness corporations in the country.

Read on.

Related:
Econ 101: Old MacDonald Had a Subsidy
As Dr. Gary Wolfram explains, the veto-proof farm bill shows the power of politics to take and redistribute our money.