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Re:Wild bidding wars erupt at used-tractor auctions across t... by klyrs on Sunday November 14, 2021 @02:16PM (#29219719)
Lower food prices are good for the consumer. Exclusively focusing on the supply side is a mistake.
Re:Wild bidding wars erupt at used-tractor auctions across t... by AnthonyMouse on Sunday November 14, 2021 @02:26PM (#29219830)
The consumer is the one paying the taxes that fund the subsidies. That isn't helping them.
Re:Wild bidding wars erupt at used-tractor auctions across t... by theptip on Sunday November 14, 2021 @03:35PM (#29220407)
I get the general point you're making, but in a progressive tax regime like the US, the poor (who benefit most from lower food prices) are paying proportionately less of their income as tax than the rich, so this is helping them. Many US families paid no tax in 2020 due to tax credits, so they won't pay for the subsidies.

I would definitely argue that there are simpler ways of helping low-income families to afford food though, if that is your goal... just lower their taxes further, or give them negative tax / UBI if they are already paying no taxes, rather than adding lots of complex gears to distort the economy to try and affect the same outcome. Or more food stamps if you don't like the idea of poor people spending their tax rebate dollars on non-food items that they prefer.

Re:Wild bidding wars erupt at used-tractor auctions across t... by listenallyall on Sunday November 14, 2021 @07:59PM (#29222366)
Income tax may be progressive (before deductions, of course). But payroll taxes definitely are not, and if you earn under 50, 60k or so, your payroll tax burden is going to be higher than income tax. Sales tax and gasoline taxes aren't progressive either.
Re:Wild bidding wars erupt at used-tractor auctions across t... by AnthonyMouse on Sunday November 14, 2021 @03:49PM (#29220516)
> I get the general point you're making, but in a progressive tax regime like the US, the poor (who benefit most from lower food prices) are paying proportionately less of their income as tax than the rich, so this is helping them.

That's assuming that you would lower taxes uniformly instead of e.g. lowering them for the lowest tax bracket, which is in no way required.