There Are Very Few Things in Life More Annoying Than Someone Who is at Once Condescending and Wrong
Political rookie Donald Trump won the White House in large part by running against just how stupid Washington, D.C. is. And DC stupidity is certainly a rich vein to mine.
P.T. Barnum once said: “No man ever went broke overestimating the ignorance of the American public.” Trump bet on a paraphrase: “No one ever went broke overestimating the stupidity of government” – and won huge.
Because no matter how ignorant government schools intentionally render the American public – the American public can never be dumbed down enough to get down to government’s level. Trump inherently understood this.
DC is $4-trillion-a-year worth of stupid. And we spend a lot of that money – stupidly subsidizing domestic cronies. Not picking winners and losers – so much as picking losers at the expense of winners. Taking, for instance, money from real energy companies like oil and gas – and giving it to fake energy companies like wind and solar.
But what’s worse – and more politically craven – than that? Importing government subsidies from other countries. Your government doesn’t spend the money – theirs do. Thereby you duck the political price for the spending.
And just like with domestic subsidies, you get to disingenuously claim you’re lowering prices. When what you’re actually doing is using different governments’ money – rather than ours – to in identical fashion warp and damage the marketplace. First and foremost – your domestic marketplace. Even worse than with domestic subsidies.
With domestic subsidies, at least the recipients benefit – while everyone else is damaged. With imported subsidies – every single domestic company is damaged. The more subsidies you import – the more damage you do to every domestic company. More