The following video, hosted by Dan Mitchell of the Cato Institute, presents a great rundown of why so many government programs hurt the economy and consequently the people more than they help. Those reasons are:

1. Extraction Cost
2. Displacement Cost
3. Negative Multiplier Cost
4. Behavioral Subsidy Cost
5. Market Distortion Cost
6. Inefficiency Cost
7. Stagnation Cost

Watch the video to find out more: