Wednesday, August 16, 2023

How Corruption Makes You Poor | ZeroHedge

How Corruption Makes You Poor | ZeroHedge - BY TYLER DURDEN
"...The point is prices and incentives matter....
And it is one that is not lost on government policy makers. 
By influencing prices, they can influence behavior...
To be perfectly frank, prices are corrupted by governments for the purpose of extracting capital from the economy and rearranging society in strange and unnatural ways. 
In California, for instance, Assembly Bill No. 205, which was approved by Governor Newsom in 2022, requires power companies to charge customers a base fee that escalates by income bracket.
A recent proposal, would forcibly compel high income earners to pay a base fee that’s over 400 percent more than low income earners. 
This is in addition to the actual use rate...

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