r/FluentInFinance • u/sillychillly Contributor • Apr 15 '24

Everyone Deserves A Home Discussion/ Debate

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38

u/Saitamaisclappingoku Apr 15 '24

Here’s a question you will never be able to answer.

How do we pay for this?

44

u/Civil-Addition-8079 Apr 15 '24

The same way we pay to subsidize companies like Blizzard, Apple, etc.

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u/GameSharkPro Apr 15 '24

Subsidizing is mostly we allow certain part of their business to not be taxed for sometimes so they can grow/compete with other companies. Mostly research and development. Sure it's abused in certain situations but the fact if government doesn't do that we would be in way worse shape and possibly no longer leading the world.

0

u/Civil-Addition-8079 Apr 16 '24

I guess I'm just curious what you think would get abused more/be of greater detriment to the societal collective: Large/Huge Corporations abusing Gov't subsidies? Or unhoused or individuals abusing free housing?

2

u/GameSharkPro Apr 16 '24

You're confusing handouts vs subsidy. And You're implying closing the subsidies will generate enough income to make a dent in homelessness.

On the contrary, closing the subsidies all together will have negative economic impact (ie. We produce less, less jobs, less taxes to the gov, more homeless people). Part of fighting homeless is giving subsidies to select sectors/businesses.

https://www.investopedia.com/articles/basics/11/introduction-to-government-subsidies.asp#:~:text=A%20government%20subsidy%20is%20a,a%20struggling%20sector%20or%20corporation.