Thursday, February 02, 2006
Well, Well
I blogged yesterday about being disappointed in Bush's SOTU address - specifically, the part where he spoke about energy and America's dependence on foreign oil. Jerry Taylor at the Cato Institute has similar thoughts.
"The President offered bracing new rhetoric about where he would like to take energy policy in the coming year, but he suggested little more than a bit more money for the same old programs that have failed in the past. In short, it reminds me of the metaphor about 'old wine in new bottles."
My point exactly. A "bit more money". Taylor also says "if those technologies have economic merit, no subsidy is necessary". I agree to a point. What I suggested is tax incentivies for the research. Don't give money to a corporation to do the research - incent them by lowering tax burdens. Paying a man for something is a lot different than not robbing him.
"The President offered bracing new rhetoric about where he would like to take energy policy in the coming year, but he suggested little more than a bit more money for the same old programs that have failed in the past. In short, it reminds me of the metaphor about 'old wine in new bottles."
My point exactly. A "bit more money". Taylor also says "if those technologies have economic merit, no subsidy is necessary". I agree to a point. What I suggested is tax incentivies for the research. Don't give money to a corporation to do the research - incent them by lowering tax burdens. Paying a man for something is a lot different than not robbing him.
