There are other ways of raising revenues—simply stop giving away resources at below-market prices to oil, gas, and mining companies. The giveaways can be thought of as a subsidy to these companies. The government needs to make sure that it’s not giving away willy-nilly billions of dollars, as it does when it allows TV stations to use spectrum without charge, when it allows mining companies to pay a minimal royalty, rather than auctioning off the rights to exploit these natural resources, when it conducts a fire sale on oil and gas leases, rather than a well-designed auction to maximize the
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Doesn't address the additional barrier to entry created by taxes, good or bad.
