Opinion piece
The term subsidy is often misconstrued to mean reduced costs. Far from the truth, subsidies actually increase the cost of items in the end through long bureaucratic processes needed to administer them. Subsidies therefore do not lower the cost of items. Definitely, the reduced price of a commodity’s market price is paid from our collective pocket. This could be though government coffers, taxes, or by foregoing services that could have been in the first place paid for by resources used in the subsidy program.
