subsidies

schumer

Subsidizing Sweetness

8:48 AM, Apr 2, 2013 • By GEOFFREY NORMAN

Senator Charles Schumer has discovered a new cash crop that requires taxpayer support.  As Pete Kasperowicz writes in the Hill:

Sen. Charles Schumer (D-N.Y.) on Monday proposed a new federal grant program aimed at encouraging the development of maple syrup production on privately held land, including land in upstate New York.

And why not?  We spend lots of money on corn that is made into ethanol that is put in cars to no particular good end except to make the people growing the corn and distilling the alcohol a lot richer than they would be and food prices higher than the should be.

So why shouldn't upstate New York farmers be paid to harvest maple syrup? It is only money, and our Chinese friends will surely loan us some.

Shoot More, the Government's Paying

9:34 AM, Jan 10, 2013 • By GEOFFREY NORMAN

The headline on a press release from the Vermont Department of Fish & Wildlife reads:

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Nuclear Socialism

Nuclear Socialism

Energy subsidies—of any kind—are bad business

Oct 25, 2010, Vol. 16, No. 06 • By AMORY B. LOVINS

Given Americans’ increasing anxiety over made-in-Washington socialism, it’s a wonder that the nuclear power industry has escaped scrutiny for so long. The federal government socializes the risk of investing in nuclear power while pri-vatizing profits. This same formula drove the frenzied speculation that cratered the housing and financial markets. What might it cause with nuclear power? 

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