A study of coal’s effects on Kentucky’s budget in 2006 found that it contributed $528m in revenue, but its on-budget costs—training, support, repairs to the roads, R&D for the coal industry—totalled $643m. A study in West Virginia in 2009 also found the coal industry a net cost to the state.
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1 February 2012
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23 September 2011
But pointing out how risky venture capital is only raises the question of why the government went into it in the first place. A far better way to promote investment in clean energy would be to raise the price of the dirty sort, through a carbon tax or cap-and-trade scheme. It is the sniggering Republicans, of course, who have prevented that from happening.
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11 July 2011
The sticking-point is not on the spending side. It is because the vast majority of Republicans, driven on by the wilder-eyed members of their party and the cacophony of conservative media, are clinging to the position that not a single cent of deficit reduction must come from a higher tax take. This is economically illiterate and disgracefully cynical.
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1 November 2010
Complaining about the cost and expense of navigating the red tape necessary to feed at the government trough? That’s rich.
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31 October 2010
Technology firms and Barack Obama: End of the silicon honeymoon
This may seem like sour grapes.
Or it may not seem like that, at all? No one is bitterly pretending that something they can not have is rotten, at least not in this terrible article.
But if you still want to read about how three people in the tech industry are “outraged” at Obama because they were expecting lower taxes (for themselves) and higher subsidies (for themselves) AND a pony, The Economist has published this not-at-all-stupid trend piece just for you!
