Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Investing

Kennedy Says Cut Subsidies for Farmers and Junk Food

by September 6, 2024
September 6, 2024
Kennedy Says Cut Subsidies for Farmers and Junk Food

Chris Edwards

Robert F. Kennedy Jr. writes in the Wall Street Journal that “Trump Can Make America Healthy Again.” I agree with Kennedy that some national health trends are disturbing. The share of US adults who are obese has risen from 15 percent in the late 1970s to 42 percent today.

Kennedy proposes some health system changes that I am not qualified to assess. But I approve of his proposals for food stamps and farm subsidies quoted here.

Stop allowing beneficiaries of the Supplemental Nutrition Assistance Program to use their food stamps to buy soda or processed foods. Nine percent of all SNAP funding goes to sweetened drinks, according to 2011 data. It’s nonsensical for U.S. taxpayers to spend tens of billions of dollars subsidizing junk that harms the health of low-income Americans.

SNAP will cost taxpayers $105 billion this year, with almost 25 percent of the dollars going toward junk food, including soda, candy, potato chips, cookies, and ice cream. Those subsidies are absurd given the explosion in obesity and the government’s large budget deficits.

Low-income individuals have higher obesity rates than other Americans, and SNAP recipients have higher obesity rates than low-income individuals not on the program. The “N” in SNAP is a government falsehood.

The best reform would be to repeal SNAP and allow the states to pursue their own low-income food policies. But regarding Kennedy’s proposal, I’d suggest simply giving the states waivers allowing them to cut out any foods they want from their SNAP programs. The federal government has denied such waivers in the past.

Reform crop subsidies. They make corn, soybeans and wheat artificially cheap, so those crops end up in many processed forms. Soybean oil in the 1990s became a major source of American calories, and high-fructose corn syrup is everywhere. Our subsidy program is so backward that less than 2% of farm subsidies go to fruits and vegetables.

Crop subsidies should be repealed because they burden taxpayers and distort agriculture. Kennedy is right that fruits and vegetables receive few subsidies, and neither does ranching. But the lesson is not that subsidies for crops should be reallocated to other products, but that most American farming prospers without subsidies. There is no reason to coddle corn, wheat, and soybean farmers when other farmers stand proudly on their own two feet.

More on SNAP here.

More on farm subsidies here.

0
FacebookTwitterGoogle +Pinterest
previous post
Join Us in Person or Online, Sept. 12 Cato Conference: “Financial Privacy under Fire: Protecting and Restoring Americans’ Rights”
next post
Is It Time to Buy Intel?

You may also like

DOGE Recommendations: Federal Health Spending

December 11, 2024

The ‘New Conservatism’ is Driven by Bad Economics

October 5, 2023

The Promise of Individualism

July 7, 2023

SNAP and Obesity

May 3, 2023

Resist the Allure of Laffer Curve Logic

November 21, 2023

Affirmative Action in College Admissions

May 30, 2023

Can Putin Survive a Settlement of the War...

September 22, 2023

Collateral Damage of IRS Audits

May 22, 2023

Possible Good News on Reform of Civil Forfeiture?

June 7, 2024

No Need to Race to the Bottom with...

February 12, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • House of Lords AI summit at London Tech Week warns of ‘skills cliff edge’ threatening UK’s competitive future

      June 11, 2025
    • Tariff tensions force Spain’s food giants to seek markets beyond the US

      June 11, 2025
    • Sizewell C secures £14.2bn state boost – but energy savings won’t come for a decade

      June 11, 2025
    • Michelle Mone-linked PPE firm faces £122m high court battle with government

      June 11, 2025
    • Entrepreneur turned away from London Tech Week for bringing baby sparks industry backlash

      June 11, 2025
    • Global economy faces bleak outlook as World Bank warns of worst decade since 1960s

      June 11, 2025

    Categories

    • Business (8,183)
    • Investing (2,027)
    • Politics (15,591)
    • Stocks (3,141)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved