In a recent blog post at The Atlantic, James Gibney comes up with a novel idea that, unfortunately, will be hard to make happen. He proposes special labels/disclaimers for all food products that have been subsidized by U.S. taxpayers (which we know increases their cost).
Here’s his examples:
To wit, every product whose ingredients benefit from a subsidy should include the following language on the label:
“This product has been subsidized by the U.S. government at taxpayer expense. For more information, please visit usda.gov.”
And every product that benefits from tariff protection should have the following language on the label:
“This product is protected from foreign competition by U.S. import tariffs. Its price is higher as a result. For more information, please visit usitc.gov.”
Brilliant idea … but not likely to happen.