When government officials use tax dollars to pick winners and losers, too often it’s the taxpayers left holding the bag, such as with KiOR.
Last month, during its annual conference, the American Wind Energy Association issued a press release trumpeting the growth of wind-energy capacity.
“…elite professionals and financiers (who encompass the lion’s share of the 1%) have managed to engineer protectionist rackets.” Examples: : Dentists lobby for rules that prevent dental hygienists from performing teeth-whitening; the lawyers’ guild sustains extortionate rates in part by making sure that less-credentialed workers are blocked from performing even basic administrative legal tasks; college […]
“The fact that Sen. Cruz is leading in Iowa and has been clear in his opposition to the (ethanol) mandate should put all of the subsidy-hunting lobbyists on notice that their days are numbered…if he wins, It would kill investment in second generation biofuels by creating “uncertainty” about future levels of government support.” No wonder […]
When the state Legislature passed the ill-conceived law subsidizing retail outlets, it could never have foreseen the result would be a huge zoning crisis in Ridgeland. Such is the law of unintended consequences.
Lockheed Martin, a recent Washington Post article notes, is getting into renewable energy, nuclear fusion, “sustainability” and even fish farming projects, to augment its reduced defense profits. Paul Driessen | Mar 28, 2015 | www.townhall.com Lockheed Martin, a recent Washington Post article notes, is getting into renewable energy, nuclear fusion, “sustainability” and even fish farming projects, to augment its reduced […]
What you call crony capitalism. By Hunter Schwarz | December 2, 2014 | www.WashingtonPost.com/blog Kevin Spacey as Francis Underwood, left, and Robin Wright as Clair Underwood in a scene from Netflix’s series, “House of Cards.” (AP Photo/Netflix, Nathaniel E. Bell) Maryland’s tax incentives for film production only brings in 10 cents for every dollar spent, and the legislature […]
A GOP willing to battle crony capitalism can remain the party of choice for pro-business conservatives. Republicans will still be the party willing to protect business from over-regulation, high taxes, etc. JUNE 28, 2014 — PAUL MIRENGOFF | www.powerlineblog.com Yesterday, I discussed a new study by the Pew Research Center. It identifies two main groups of Republicans — […]
Getting traction to reduce cronyism waste will be far more difficult than changing welfare related wastes. For change on a significant scale, requires change of both in concert. By Neil Irwin | June 19, 2014 | NYTimes.com | The Upshot If there’s one thing that populists on the left and right can agree upon, it […]
How did Mississippi make the top 5? Crony capitalism? Sunday, June 8, 2014 Wall Street Journal op-ed: The Blue-State Path to Inequality, by Stephen Moore (Heritage Foundation) & Richard Vedder (Ohio University): For those in Washington obsessed with reducing income inequality, the standard prescription involves raising taxes on the well-to-do, increasing the minimum wage, and generally expanding government benefits—the policies […]