Carnival of the Capitalists
I've been out of town for a while, so this weeks Carnival linkage is way late. This weeks selections from the Carnival of the Capitalists takes on the theme of wasteful government spending.
- Bush should sign the highway bill looks at the benefits of the US highway system and suggests that this years highway bill would pay for itself in increased commerce and efficiency. The problem is that the highway bill doesn't necessarily only apply to highways. Instead, this bill seems to contain severe pork. (See this analysis)
- Until reading this post, I had no idea that the court had declared these kinds of tax incentives unconstitutional. Good for the court. Bribing businesses to relocate is not only wasteful of public funds, but unfair to the businesses that don't participate.
- And finally, Corporate Welfare and climate change. Innovation, not regulation is required for any realistically sustainable environmental effort.