That’s the title of a quarter-page advertisement in the Washington Post on Wednesday.
When it comes to inside-the-Beltway economics, black is white, up is down, and lobbyists for some of the most government-coddled farmers in America are calling other people greedy.
For people familiar with the government’s Byzantine sugar program, the text from the American Sugar Alliance (ASA) ad is frankly hilarious:
- Jeopardizing 142,000 U.S. jobs and America’s food security isn’t a game. It’s a travesty.
- So why are Big Candy executives lobbying Congress to outsource America’s sugar production?
- To boost their already bloated profit margins at the expense of American farmers, workers and consumers.
- Winners: A few corporate executives.
- Losers: America.
I described the basic features of federal sugar subsidies in this study. Essentially, the government confers monopoly power on U.S. sugar growers, which comes at the expense of food manufacturing companies and consumers.
Read more at http://www.cato.org/blog/big-candys-greed
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