MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Clarence Darrow’

New Deals (Even Green Ones) Are Bonanzas For Big Business

Posted by M. C. on February 18, 2019

https://townhall.com/columnists/jonahgoldberg/2019/02/15/new-deals-even-green-ones-are-bonanzas-for-big-business-n2541520

Amazon is taking its ball and going home, and New York Democrats are actually celebrating.

I wasn’t a huge fan of the deal New York and Amazon worked out. I don’t like corporate welfare, and the race among municipalities to bribe businesses to set up shop in their backyards has a lot of problems. The news that Amazon is spurning the Big Apple and searching for a different location will undoubtedly spark an unseemly frenzy among other cities, reminiscent of the search for the last golden ticket in “Willy Wonka and the Chocolate Factory.”

But what’s just astounding to me is how Democrats can (almost in one breath, figuratively speaking) champion a Green New Deal that would use the powers of the state — taxes, subsidies, regulatory bullying, etc. — to herd whole industries into alignment with their vision of a just and green society, and at the same time denounce these very tactics when actually put into practice.

The most prominent architect of the GND is New York Rep. Alexandria Ocasio-Cortez. Under her proposal, cows might suffer, but humans will thrive thanks to all the wonderful new jobs and free health care her utopian scheme would provide.

AOC, as she’s ubiquitously called, rejects the idea that traditional market economics or fiscal bookkeeping should be any hindrance to her scheme.

“I think the first thing that we need to do is kind of break the mistaken idea that taxes pay for 100 percent of government expenditure,” she recently told NPR’s Steve Inskeep. “It’s just not how government expenditure works. … Government projects are often financed by a combination of taxes, deficit spending and other kinds of investments — you know, bonds and so on.”

When Inskeep pointed out to her that deficit spending is “borrowing money that has to be paid back eventually through taxes,” AOC reversed herself with an impressive lack of embarrassment, saying that’s OK because this isn’t spending, it’s investing. Borrowing tens of trillions for her “investments” will pay for itself, “Because we’re creating jobs.”

Read the rest of this entry »

Posted in Uncategorized | Tagged: , , , , , , | Leave a Comment »