In the first place, bureaucracies never become efficient; they're never going to get rid of administrative costs; they're never going to reduce them. That's not the purpose of bureaucracies. It's to increase those things.
To prejudice a narrow sector of the U.S. economy with the aim of funding a broad-based entitlement program is grossly unfair and burdensome to American businesses and consumers.
If we take this route, we would eventually have the tools to cut carbon emissions, instead of misguided near-term initiatives like RGGI where an attempt to meet even the modest targets will only disrupt energy markets at great cost to consumers and the economy as whole. Programs to curb other GHGs can proceed such as measures to reduce methane releases from coal mines, but it is absurd to impose any meaningful limits on carbon emissions when so much of our energy comes from coal.
But the governors of Connecticut, Delaware, Maine, New Hampshire, New Jersey, New York and Vermont are still in the compact, ready to impose a heavy economic burden on their citizens.
Everybody agrees that carbon limits will force up electricity prices steadily far into the future. The disagreement is over how much the costs will go up….That is unnerving for Massachusetts, which now has the nation's highest electric power bills. However, the bigger impact could be on the cost to industries that threatens the loss of jobs.
We can follow the [social] programs of Germany and France and get unemployment way up into double digits. That's the result of bad legislation.
The living wage movement has become the latest effort to impose socialism on the United States, one city at a time.
If raising the minimum wage to $12 or $15 per hour will raise the standard of living for the working poor, why stop there? Why not raise the standard of living for the middle class as well by increasing the minimum wage to, say, $25 an hour? If we raised it to $100 an hour, we could have the best standard of living in history!
This is bad news for cities. The living wage poses a big threat to their economic health, because the costs and restrictions it imposes on the private sector will destroy jobs —especially low-wage jobs — and send businesses fleeing to other locales.
As if New York's economy wasn't already stressed enough, there's a renewed push in the City Council for a local ‘living wage’ law that could hinder the city's economic renewal while reducing job opportunities for the very people it is supposed to help.