Category Archives: political economy

AMLO’s Extortion Attempt

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Mexican President Andrés Manuel Lopez Obrador has made his demands clear concerning what he wants in return for helping the Biden administration do its job—which it doesn’t need help doing—regarding our border with Mexico. AMLO’s demands are naked extortion.

  • give $20 billion to Latin American and Caribbean countries
  • grant work visas to 10 million Hispanics who have worked in the US for at least 10 years
  • end sanctions against Venezuela and halt the blockade of Cuba

No. Just close the border altogether. Let no illegal aliens in; forcing their remaining in Mexico. Also bar Mexican visitors and Mexican products.

This won’t happen, though, with Timid Joe Biden. And it’s shameful that the United States should be victimized by the extortion of a Third World nation run by drug cartels.

Western Battery-Car Adoption Anxiety

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The Wall Street Journal ran an article centered on how “western anxiety about Chinese EVs could prove self-defeating,” with a subheadline that summarized the thesis:

The US and Europe risk slowing electric-vehicle adoption by excluding Chinese suppliers from subsidies and raising tariffs

I have a hard time seeing the downside to slowing battery car adoption. Leave aside the tremendous drain that charging all those battery cars (assuming widespread adoption) would have on our already near or at capacity electric power grid and generating capacity for that grid.

Battery cars are tremendously polluting and damaging to our environment, from dirt in the ground to end-of-life battery disposal. Mining the metals—lithium, nickel, cobalt, copper, and on and on, metals that are used in far greater quantity in battery cars than in gasoline- diesel- or natural gas-powered vehicles—is extremely damaging, both from the toxicity of the metals themselves and from the toxicity of the tailings from the mining operations.

Processing those metals into battery-car-usable components is intensely energy demanding (have I mentioned the strains on anyone’s electricity grid?).

Disposing of those so-far unrecyclable dead batteries at their end of life is enormously polluting as they leach out of even the most well-kept landfills.

The risk is that the West cuts off its nose to spite its face. Slow down the shift to EVs too much to build local supply chains and give domestic manufacturers time to adapt, and Chinese technology might simply pull farther ahead….

Meh.

The technologies involved are useful, they should be pursued apace, and the supply chain problems need to be worked for a host of different reasons. However, it’s a Good Thing that battery cars are not being rapidly incorporated into our transportation systems.

Punishing Success

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Los Angeles has decided that the successful are too successful, and they must be knocked down. To that end, the city’s government has decided to tax the sales proceeds of the wealthy’s homes at 4% on homes sold for $5-$10 million and at 5.5% on homes sold for more than $10 million. This is on top of the real estate brokers’ ordinary 6% fee, and it’s paid by the buyer. Not that that will have any impact on the seller’s ability to sell at a fair price, or anything.

LA isn’t alone in this “mansion tax” move, either. Other jurisdictions, mostly at the State level (it won’t be long before California broadens LA’s move), are doing this, also. They’re all Progressive-Democrat-run, too, all but one of them exclusively so.

  • Connecticut: 2.25% on properties surpassing $2.5 million. Progressive-Democrat Governor, Senate, House
  • District of Columbia: 1.45% on properties sold for $400,000 or more. Progressive-Democrat Governor, City Council
  • Hawaii: Marginal rates ranging from 10% to 20% for estates valued over $5.49 million. Progressive-Democrat Governor, Senate, House
  • New Jersey: 1% on real estate transactions exceeding $1 million. Progressive-Democrat Governor, Senate, House
  • New York: 1% to 3.9% on residential acquisitions of $1 million or more. Progressive-Democrat Governor, Senate, House
  • Vermont: 16% on properties valued over $5 million. Republican Governor, Progressive-Democrat Senate, House
  • Washington: Graduated rates starting at 1.28% for properties sold at a minimum of $500,000. Progressive-Democrat Governor, Senate, House

And, to repeat,

  • Los Angeles: 4% on homes sold for more than $5-$10 million and 5.5% on homes sold for more than $10 million. Progressive-Democrat Mayor, City Council

This is behavior of the green-eyed jealous politicians of the Progressive-Democratic Party: seizing the produce of success and redistributing it for their own political gain. It’s also just one more incentive for the successful to leave these jurisdictions altogether.

Medical Marijuana

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Amid the long and still growing controversy and disconnect between States’ handling of marijuana—viz., State level legalization of marijuana sales both for recreational and medicinal purposes—and Federal law maintaining marijuana trafficking as illegal, one aspect of that controversy keeps getting overlooked.

States often rationalize their legalization of marijuana with the claim that medicinal marijuana is good. This overlooks the fact that marijuana has no more medicinal value than does the opium poppy. There is a growing body of anecdotes that indicate that there can be medicinal value from some of the chemicals in marijuana, just as there is established medical value in some of the chemicals, viz., morphine and codeine, in the opium poppy.

There also, though, is a growing body of evidence that uncontrolled use of marijuana is physiologically and mentally damaging to the users as they become increasingly dependent—emotionally as well as physiologically—on the plant’s drugs. Further, chronic use of the plant appears to lead to damage to still-developing brains (which development continues into a person’s mid-twenties) and to slower developing damage to mature brains.

What really needs to happen is research into marijuana to identify the chemicals and combinations of chemicals in marijuana, if any, that do have medicinal value. Once that research has been done, and specific chemicals’/chemical combinations’ medical value established, then marijuana growing should be licensed just as is opium poppy growing for the medicinal value of some of its chemicals. The marijuana chemicals/combinations with medical value then should be marketable as prescription drugs for particular medical uses, just as poppies’ prescription-required drugs, are.

Impeaching Mayorkas

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House Homeland Security Committee Chairman Mark Green (R, TN) is bent on impeaching DHS Secretary Alejandro Mayorkas over his palpable, and dangerous, failure to perform. This is, at best, a fool’s errand since the votes don’t exist in the Senate to get even a serious trial, much less a conviction.

I have a better idea, because of course I do.

Instead of wasting time on impeaching Mayorkas, Green, and the House at large, should exercise the House’s Constitutional control over government spending and move to cancel all funding for much of the Department of Homeland Security until Mayorkas and his Deputy and Assistant Secretaries are gone and the Department has materially improved its performance related to keeping illegal aliens from entering our nation.

Specific DHS agencies that should receive full, if not increased, funding include these:

  • United States Citizenship and Immigration Services
  • United States Coast Guard
  • US Customs and Border Protection
  • Federal Emergency Management Agency
  • US Immigration and Customs Enforcement
  • United States Secret Service
  • Transportation Security Administration
  • Office of the Inspector General

All the other agencies—and there are 16 more of them, including such strongly overlapping agencies as the Management Directorate, the Office of Legislative Affairs, the Office of Partnership and Engagement, and the Office of Public Affairs (there’s a hint there regarding how bloated the Department has become)—should have their funding zeroed out.

Further, the House should refuse to pass any DHS-related bill that does not include these funding reductions.