Downsizing Blog
No Need for Biden’s Electric Vehicle Subsidies
No Need for Biden’s Electric Vehicle Subsidies
Biden Infrastructure Plan: Funding Not Green
Biden Infrastructure Plan: Funding Not Green
Electric Vehicles and the Biden Infrastructure Plan
A damaging effect of government expansion is the “crowding out” or displacement of private‐sector activities. Governments often think that they can do better than businesses, and they take over industries or intervene to set things right. But they misjudge, and government‐dominated industries usually become bloated, stagnant, and distorted.
Biden Infrastructure Plan: Wrong Direction
President Biden has proposed a $2.3 trillion infrastructure plan. It moves entirely in the wrong direction by increasing subsidies and centralizing power. A better approach would be to end federal subsidies and decentralize infrastructure ownership and decisionmaking.
Biden Proposes Massive Corporate Welfare
President Biden is introducing an infrastructure plan today costing $2 trillion. The plan is a combination of subsidies for corporations and subsidies for state and local governments. Both types of subsidies are unneeded and wasteful.
Federal Budget Deficits: Path of Fiscal Doom
President Trump approved $900 billion in stimulus spending in December and President Biden approved another $1.9 trillion in March. Biden is set to propose a further $3 trillion on infrastructure, and Majority Leader Chuck Schumer is exploring ways to bend Senate rules to keep the spending flowing.
Climate Change: First, Governments Should Do No Harm
One concern about climate change is that it may cause more natural disasters such as hurricanes, floods, droughts, and forest fires. People living along the East and Gulf coasts, major rivers, and in the West may face higher risks if pessimistic climate predictions come true. President Biden has proposed an array of new subsidies and regulations to address climate change, but big‐government solutions to the problem are themselves very risky.