More Interference

The Obama administration is proposing to spend nearly $4 billion in a decade to accelerate the acceptance of driverless cars on US roads and curb traffic fatalities and travel delays.

No. The Congress needs to refuse to provide the funding for this.

Leave aside whether we want driverless cars on our roads. There’s an arguably positive role for government to actively support, even help fund, basic research. However, once the theory from such basic research has been developed sufficiently (a private enterprise-defined criterion), bringing any related concepts to market is purely an engineering matter and so must be solely a free market/producer/consumer decision. The work, then, should be funded only by private enterprise.

Government has no business picking winning or losing technologies, and that’s what it does when it funds bring-it-to-market schemes. That’s unavoidable, no matter the intentions of the politicians pushing such an expense.

President Barack Obama’s proposal here is intended to facilitate the development of regulations to govern driverless cars. Leave aside here the Progressives’ idea that Americans and our businesses need a government rule for every aspect of what we do, or don’t do. This…regulation development…is nothing more than another bring-it-to-market scheme.

The EU and Taxes

Competition Commissioner [sic!] Margrethe Vestager called foul on a Belgian tax law the commission says unfairly saved 35 companies—most of them European—some €700 million ($763.3 million) in taxes since 2005. Belgium will now have to collect those taxes if it doesn’t appeal, or loses in court.

How terrible it is that a company should keep the money that belongs to its owners by following applicable sovereign law. For shame.

Here’s the thing, identified by the WSJ at the above link:

EU leaders and tax-happy populists are frustrated with slow political progress toward EU-wide, and maybe global, tax rules that would raise taxes on large companies. Ms Vestager thinks she’s found a way to push things along using antitrust law.

Indeed. Never mind that it isn’t the EU’s money. She and her EU government corporate cronies want it.