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RE: Should America Continue To Support Failing Industries?
What about removing the subsidies to the dying industries and using the funds for a limited time (maybe 2 to 5 years) to assist worker retraining in select growing industries?
Thoughts?
Not a bad idea at all, im not sure what the costs add up to , but if they were similar I think it would be a good investment.
If the retraining costs where higher, then cap it at the current subsidy spending level. Ultimately this would remove government involvement in dying industries and throw a bone to the displaced workers.