MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘government subsidies’

Elon Musk Announces China Tesla Plant After Paying Lip Service to Trump’s Trade Campaign

Posted by Martin C. Fox on July 11, 2018

Tesla benefits from millions in U.S. government subsidies

A lot of millions.  US taxpayer, how do I screw thee, let me counts the ways, billions.

No more tax payer supplied production subsidies, no more tax payer supplied buyer subsidies. Don’t let the door hit you…

https://www.breitbart.com/tech/2018/07/11/elon-musk-tesla-china-plant-trump-trade/

by Joshua Caplan

…The announcement has raised questions about how the new facility will be paid for. Tesla benefits from millions in U.S. government subsidies and has been burning through billions of dollars as it has struggled to raise the rate of production of its more “affordable” Model 3 car. At the end of the first quarter, the company had just $2.7 billion of cash on its balance sheet. Read the rest of this entry »

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Delingpole: Renewmaggedon – Solar, Wind Industries Dying as Subsidies Dry Up…

Posted by Martin C. Fox on July 19, 2017

http://www.breitbart.com/big-government/2017/07/19/delingpole-renewmaggedon-solar-wind-industries-dying-as-subsidies-dry-up/

Yes. That’s right. Slowly, deliciously, like a leech starved of blood, the renewable energy industry is withering away and dying. It can only survive through government enforced subsidies or bribe-incentives. Once those dry up, so does its trade.

The jobs aren’t productive ones, the businesses are an ugly manifestation of crony capitalism, and the investors should have realized that in finance there’s no such thing as a one way bet. And in any case the victims of the renewable energy industry’s ongoing collapse will be far outnumbered by the victors. Renewables are, and always have been, a scam perpetrated by the few against the many. Read the rest of this entry »

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