Showing posts with label government subsidies. Show all posts
Showing posts with label government subsidies. Show all posts

Wednesday, August 16, 2023

5 things government should subsidize.


People submit themselves to government becĂ use they believe that government has the resources to make life comfortable in ways most individuals can’t. 


Government everywhere knows this or should know this fact. 


In places, where the legitimacy and acceptability are obtained by popular means, people who seek public offices promise to make life easier for the masses by lowering costs of essential goods and services.


One of the popular ways people-centric government keeps this promise is by subsidizing the costs of  filling basic needs. 


The costs of filling the following basic needs are often subsidized by governments that empathize with the sufferings of their people are:


1. Education,

2. Food,

3. Quality health care,

4. Decent housing and,

5. Energy.


People friendly governments subsidize costs of satisfying these needs because they understand that;


1. When the most people have access to quality education, they would in return use their acquired skills to support governments efforts to strengthen the economy and develop the society for everyone.

2. Without food, people will starve. A society populated by hungry people breeds violent crimes. The costs of, in the least, controlling violent crimes are more than the costs of preventing them.

3. Health is wealth. A healthy person is a happy person. A responsible government would always prioritize the enlargement of accessibility to quality health care for its people.

4. People need decent places to call homes. 

5. Easy accessibility to quality and cheap sources of energy would boost industrialization efforts by both public and private sectors. 


Such efforts would produce more jobs for the people,  increase the availability of quality products at cheap prices, increase the gross domestic  product, increase the per capita income of the people and produce a robust economy. 


At least, the cost of food and energy should be subsidized by governments. 


Kristalina Georgieva, IMF boss agrees;


"Governments need to subsidise the cost of food and energy for the poorest members of society."



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