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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (889324)	9/21/2015 4:13:41 PM
From: J_F_Shepard	Read Replies (2) \| Respond to of 1577228

No. Oil gets a massive negative subsidy. The taxes targeted at the oil industry and its products exceed the sum total of actual subsidies (which are not significant) and targeted tax breaks the oil industry gets. Everyone pays taxes....some less than others, eg Hedge Fund managers How much money does the U.S. government provide to support the oil, gas and coal industries? In the United States, credible estimates of annual fossil fuel subsidies range from $10 billion to $52 billion annually yet these don’t even include costs borne by taxpayers related to the climate, local environmental, and health impacts of the fossil fuel industry. As of July 2014, Oil Change International estimates U.S. fossil fuel subsidies at $37.5 billion annually, including $21 billion in production and exploration subsidies. priceofoil.org Even for ideas that are good overall subsidies cause distortions, they get them to be applied in place of even better ideas, and in places or ways where they aren't good ideas. You have any evidence of this??