The extender ritual is explained by the phenomenon of concentrated benefits and dispersed costs. That’s where the recipients of government handouts have a greater incentive to fight for the preservation of their benefits than the larger number of taxpayers, whose costs are spread thinner, have to resist them. And the longer the EV tax credit exists, the more powerful its constituency becomes.
Mike Munger wisely warns against the hubris that drives social engineering.
Jeffrey Tucker argues that “liberty and justice are not the outgrowth of homogeneity.”
Walker Wright finds that commerce is good for the soul.
Shikha Dalmia decries Trump’s opposition even to legal immigration. A slice:
Trump has started treating conventional “merit-based” immigrants with suspicion, too. His administration is issuing more “Requests for Evidence” from employers sponsoring foreign workers. This means companies have to submit even more paperwork to prove to the government that they couldn’t find a qualified American to do the job. And to advance his “America First” agenda, the departments of Labor and Justice are jointly launching an initiative to crack down on employers that “discriminate” against Americans and hire foreigners instead.
Steve Horwitz shares some thoughts on the apparent demise of Sears.
Ryan Bourne answers Pres. Trump, who asked “Where do we have tariffs?”
