Stossel: Sugar's Sweetheart Deal
Sugar subsidies are welfare for the rich. They cost consumers billions a year.
The U.S. sugar program is "Stalin-style price controls," Ross Marchand of the Taxpayers Protection Alliance tells John Stossel.
The U.S. government uses a complex system of loans, domestic quotas, and limits on how much sugar we can import. The goal is to control the price of sugar.
Stossel calls it "welfare for the rich." Economists say the program costs consumers billions a year. And yet the sugar industry makes videos that say "it costs taxpayers nothing."
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The views expressed in this video are solely those of John Stossel; his independent production company, Stossel Productions; and the people he interviews. The claims and opinions set forth in the video and accompanying text are not necessarily those of Reason.