While targeting the rich, the series of tax increases run the risk of stressing consumers already choked by inflation. Prices are already up more than 5 percent from August last year.
New Mexico Democrat Gov. Michelle Lujan Grisham wants residents to drive cars that get an average of 52 mpg. Her own car gets less than 13.
What happened to Tesla China should serve as a warning for other American businesses addicted to the size and the potential of the Chinese market.
It’s debatable whether the ‘green car’ industry ever really needed a government subsidy to get going, but it clearly does not need one to keep going.
Arguments in favor of Tesla’s subsidies would make a whole lot less sense if the tech media had the slightest familiarity with pro-free-market economics.
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