Yes, the ethanol mandate is crony capitalism. But that's not the end of the bidding war for farmers' re-election contributions.
...Ironically, in the same deal where both parties plan to raise taxes on
those who pay the most taxes, they want to renew and augment farm
subsidies to rich farmers. Democrats in the Senate are pushing for a
new shallow loss program, which extends the coverage of crop insurance
from catastrophic benefits to a guarantee of 90% of the farmer’s annual
revenue. The idea that the government could guarantee members of a
specific profession 90% of their income, especially when food prices are
Large farms --corporate farming-- are squeezing out the '40 acres and a cow' gang by a variety of taxpayer-funded programs. Crop insurance is only one of the fraud-laden schemes by which you support these guys.
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Crony capitalism...bah, humbug. It's called businesses using the tools of capitalism to secure the interests of shareholders or investors. Good for them!
Care to define "tools of capitalism"?
Figure it out yourself, Dad29. That's what the Internet is for. Use that Marquette degree.
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