Alternatives

In an op-ed in Friday’s Wall Street Journal centered on the foolishness of “sustainable” investing, Burton Malkiel had this remark:

The most effective way to reduce an economy’s carbon intensity is to change the economic incentive to pollute.

Not at all. The most effective way to reduce an economy’s carbon intensity—even assuming that’s a useful thing to do—is to provide viable alternatives to carbon intensity. So far, all the Left and their Progressive-Democratic Party is willing to offer is punishment for carbon intensity.

All that does is punish the successful because the less successful don’t or can’t keep up or do better.

Bait and Switch

Recall the trillions of American taxpayer dollars already committed to dealing with the Wuhan Virus situation, including $139 billion sent to State and local governments explicitly for that situation.  It turns out

blue states and Democratic mayors are also using the money for their pet causes.
Michigan Governor Gretchen Whitmer (D) is spending millions on free college for more than 600,000 essential workers.
Honolulu Mayor Kirk Caldwell (D) agreed to spend $629,000 to hire 15 community relations specialists.
Democratic St Paul Mayor Melvin Carter recently announced a guaranteed income program for low-income families using $300,000 in CARES Act money….

This is another demonstration that State and local governments don’t need any more Federal American taxpayer money. Progressive-Democrat-run jurisdictions can’t be trusted with the money.

Remember this in November.