Tag Archives: Captain Phillips

What are the best arguments against film subsidies?

The Academy Awards are nearly upon us, and that means long-winded acceptance speeches from actors and directors, filled with thanks for all the people who have helped them along the way. Listen closely to those speeches. Because they should really be thanking you.

That’s because each of the nine films up for Best Picture this year received some sort of government-granted privilege at your expense. “Captain Phillips,” for example, got a $300,000 grant from Virginia taxpayers, while the “Wolf of Wall Street” got to skip out on some $30 million in New York taxes.

And so, in the spirit of the Oscars, I now present my own awards for the best arguments against these privileges.

That’s me, writing at US News’s Economic Intelligence blog. Click here to read on.