Part 8/10:
Considering a hypothetical scenario where all government subsidies are eliminated invites significant contemplation. Without subsidies, the price of energy could skyrocket, potentially raising gas prices to nearly $15 per gallon. Such an immediate economic disruption would have dire implications across multiple industries, leading to inflation, layoffs, and an unstable economy.
Removing agricultural and industrial subsidies could expose farmers to market volatility, increasing food prices, and jeopardizing the U.S.'s critical role in global food supply chains. The ramifications of such a drastic reduction in subsidies could paint a bleak picture of economic instability and increased hardship for marginalized communities.