1 thought on “How benefits, once granted, become irreversible: a peculiar anecdote”

  1. Posted 30/11/2016 at 14:46 | Permalink

    It shows the prevalence of an emotional reaction over a rational one, and the need to fight the corner of reason much harder.
    Additionally the issue of concentrated benefit but diffused cost needs to be set out more clearly so that the cost of subsidies is better understood and attributed, by highlighting what else could be done with the money.
    In an increasingly complex public policy world it could be useful or even essential to do the equivalent of tax hypothecation to subsidy, thereby directly linking the subsidy cut to additional spending.

Leave a Reply

Your e-mail address will not be published.