myth 96

'A discount is a subsidy'

Believe whatever you like and how you like it to be. That is the formula to be happy or to be conned happily. Is subsidy a discount or is discount a subsidy? Very simple, it depends on what you want to believe, or your definitions, or who says it.

According to a forummer Cheong Chee Mun in the Straits Times today, his definitions of discount and subsidy go like this: