Source: Common Sense
by Paul Jacob
“It may be the president’s goofiest idea yet. His Monday brainstorm was for the federal government to get into the movie business. In a Truth Social post, Mr. Trump floated the notion of creating a ‘Federal Production Incentive to create Entertainment Jobs in America.’ So this isn’t exactly a socialist proposal — where the government would seize the means of production and go about making movies — it’s a subsidy proposal: tax breaks; to ‘benefit ALL of America.’ Trump posts as if he has worked the math out, where the booty the government loses in direct taxation ‘will be made up tenfold by the money pouring into the Treasury’s coffers.’ A familiar rationale. But does it work?” (09/04/26)