Name: Sugar Subsidies are Welfare for the Rich
Uploaded: 2022-07-23T14:31:00+00:00
Duration: 5 min 4 s
Description: The U.S. sugar program costs consumers billions, while rich politically-connected sugar industry CEOs get richer. The program is “Stalin-style price controls," Ross Marchand of the Taxpayers Protectio

1 year ago

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Vlogs crony capitalism corporate welfare sugar

The U.S. sugar program costs consumers billions, while rich politically-connected sugar industry CEOs get richer.

The program is “Stalin-style price controls," Ross Marchand of the Taxpayers Protection Alliance tells me.

The U.S. government uses a complex system of loans, domestic quotas, and limits on how much sugar we can import. The goal is to control the price of sugar.

I call it “Welfare for the rich."

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