That $7,500 tax credit to buy an electric vehicle, now gone, was a “grotesque misallocation of federal spending.” It was a form of “rent-seeking,” whereby companies seek “to dominate the bureaucracy instead of the marketplace.” Thus wrote Kyle Smith in a Wall Street Journal column titled “EVs Can’t Compete Without Subsidies.” Smith deserves the Pulitzer for Clueless Commentary, a competitive category. About six weeks earlier, Trump launched a war on Iran paid for – subsidized! […]
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