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A tax break is not government intervention.. And no, it hasn't been all 'right-wing' intervention, though I'd certainly agree that there has been a lot of that. There's been a ton of new 'left-wing' intervention in the form of growing welfare programs and authoritarian prohibitions on free association a la affirmative action, anti-private-discrimination laws, etc. |
It is, a big corporation should not be served a bread buttered on both sides. Tax break is a form of risk mitigation. Corporations are supposed to be awarded tax break to allow them to take risks and move us forward. Does it really happen?[1].
I am not sure why a big group whose over all interest is to preserve status quo should be allowed tax break and keep on earning billions in return. Why they should not be allowed to die if they are can't compete?
[1] https://www.ted.com/talks/mariana_mazzucato_government_inves...