I tend to believe instinctively that it would be better to eliminate all subsidies. They seem to run counter to the basic principles of economics. I think there are excellent arguments on both sides though. I just don't think that politicians have the wisdom to know which way we should be heading. I think that their basic instincts are to curry favor and make valuable friends and supporters. They also favor technologies that are the largest in scale, because that is where the most money is concentrated.
What do you think?
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