Pork continues, in spite of being wasteful, due to the principles of public choice economics. Each pork project has concentrated benefits, so the supporters of that pork project eagerly pursue it; however a pork project has distributed costs, so detractors have reduced incentive to follow through. A developer might stand to make tens of millions of dollars off of a pork project, the project will waste that money, but the individual tax payer liability is just a few pennies to a few dollars each. However, with thousands of pork projects every year that tiny liability multiplies and becomes a tremendous tax burden. | Pork continues, in spite of being wasteful, due to the principles of public choice economics. Each pork project has concentrated benefits, so the supporters of that pork project eagerly pursue it; however a pork project has distributed costs, so detractors have reduced incentive to follow through. A developer might stand to make tens of millions of dollars off of a pork project, the project will waste that money, but the individual tax payer liability is just a few pennies to a few dollars each. However, with thousands of pork projects every year that tiny liability multiplies and becomes a tremendous tax burden. |