[PeterPrinciple]

I will try one more time.

I have a $100,000 to invest but I have a rich uncle who thinks it is good to invest so he tells me that if I lose it, he will cover $30,000 of the loss. I lose the $100,000 so uncle writes me a check. So that tells me I am only risking $70,000 of my money. In my mind that is a subsidy.....................................

Now you are going to say that uncle wants 30% of my profits, but that is a SEPARATE issue.

Now, it is good business management to manage my risk. Given the choice, I would rather risk $70,000 than $100,00. Now you may have a moral or emotional opinion of this, that is fine but it does not change what it is.

Why would you assume that I think I have benevolent govt?

[Errant]

I have a $100,000 to invest but I have a rich uncle who thinks it is good to invest so he tells me that if I lose it, he will cover $30,000 of the loss. I lose the $100,000 so uncle writes me a check. So that tells me I am only risking $70,000 of my money. In my mind that is a subsidy.....................................

Well, I just hope the IRS doesn't find out about the $100K your rich uncle has given you to blow on foolhardy investments and that you haven't paid the gift taxes on that much money. If they do, you'll probably have to cough up about $50K in back taxes plus penalties and interest! After they're done with you, you'll be lucky if you can purchase a "monster (or whatever they call them)" CD.