Subsidy

Commercial fishing has rapidly depleted many of the ocean’s resources. Herring are one species of fish that have been harvested to the brink of extinction in the last century. In the mid-1900s herring were in high demand in the food industry [1]. Millions of pounds of herring were harvested from the ocean in the last century. These massive harvesting totals took its toll on the population over time. Phil Levin, a marine ecologist, recently remarked that throughout the Pacific, “what you see is a…

switch to renewable energy soon, we should be expecting many more natural disasters. “An active role for government and public sector utilities is thus a far more important condition for developing renewable energy than any expensive system of public subsidies for markets or private investors.” (101) With all of the disasters occurring, healthcare is mandatory for all, which the government is not…

US gasoline consumption, Scott Peterson talks about these things, along with its cost effectiveness. This article explained details about the cost of charging the car compared to the oil it takes to go the same distance, and potential government subsidies to promote the usage of electric cars, with predictions of the effectiveness of them. As of 2011, is more expensive to drive an electric car, Peterson explained “Currently, is more expensive to both develop public charging facilities and…

In this case, Canada’s domestic magazine industry is an important representation of Canadian culture, and this cultural representation is at risk of being outrun by foreign competition. Therefore, in order to preserve Canadian culture, a subsidy is called for. In this case, I believe it is fair to use taxes to subsidize local publications, even when parts of these taxes come from Canadians who only read foreign magazines. After all, domestic producers are the ones who create wealth for…

being one of the most protected economies in the developing world, many of it’s industries had little incentive to innovate and become competitive. The survival of these industries, were therefore dependent on the provision of government subsidies. These subsidies however, began to take a huge toll on government expenditures by the time Allende was in power during 1970-1973. For example, by 1973, the economic losses from state-run industries…

Globalization is the economy of interaction within the countries over the world and the integration of economics and societies in order to exploit the global economy (Scholte, 2005). Globalization contributed towards increasing and decreasing poverty and inequality in developing and post-communist countries. There are affirmative and negative effects for those countries which are able to attract foreign investors and foreign capital throughout globalization (Robertson, 1992). Economic…

the population to purchase the health insurance or pay the penalty (Liptak, 2012). Further, in 2015, in the case of King v. Burwell, the court in a decision of 6-3 upheld one tenet of the Affordable Care Act on the entitlement of keeping the tax subsidies that ensured the Americans afford insurance as constitutional. However, in 2016 the Supreme Court ruled against the law on cost sharing as unconstitutional. The provision required the insurers providing the health plans by the statute to reduce…

methods by which groups of citizens and businesses— public policy stakeholders— promote and protect certain interests. The incentives to influence public policy are strong. A seemingly innocuous change in agriculture policy can bankrupt hundreds of subsidy-dependent farmers overnight. Similarly, an equally small adjustment in telecommunications policy can yield millions of dollars more in profit for phone service providers. Lobbying allows farmers, telecom companies, and every other organized…

Let us just come to the consensus that we all have dreamed about owning a beach house. There was even that period in the early 2000’s where we would send friends and families invitations to a beautiful beach house party, only to figure out it was a prank. Although not all coastal dwellers live in such luxurious abodes. They are middle class fishermen, engineers, biologists, and transporters whose jobs are necessary to sustain the economy, while having to live in close proximity to dangerous…

further their education. The funds allocated for grants and financial aid would be diminished, causing a burden on students that could keep them from affording the four-year degree they seek. These students would need to reach out for government subsidies for…