NC to Defy Economic Reality
The Democrats in the North Carolina General Assembly (who have been in power there for over 100 years) have now become full members of the church of algore and The Left. They have decided they are able to completely dictate all laws of supply and demand, no matter what reality might bring. This time, they're mandating the creation of an industry in North Carolina -- whether anyone wants it or not.
This time they're literally creating a "biofuel" industry. For those who may have attended government schools and not learned about supply, demand, capitalism, and free markets; here's a quick lesson on how free markets work: Person A is free to use his own labor to create something. If person B would like to purchase that item from person A, they may agree on a price at which to sell the item. If the item Person A makes is desired by more people, the agreed-upon price is usually higher. Any time the two people can agree on a price, that is a fair price. At the same time, if Person A makes an item and no one has any interest in paying for that item, then Person A has made something with zero value. Now here's how the Democrat version of markets go: Government will make something (using YOUR money, so cost is no object). If no one wants it, government will first (again, using your money), buy it from themselves. If still no one wants it, the government will take tax money and give it to someone else and force that person to buy it. If STILL no one wants it, government will pass a law requiring you to buy it. The fair price in this instance is whatever government wants it to be -- which has no bearing on the cost of making the item or it's value to anyone. They're making biofuel. Know where the demand is for that one? I didn't think so. Look, I have absolutely NOTHING against alternative fuels. I would LOVE to run my car off water, salt water, grass, cow poop, corn, or any other damn thing that would make it run that's cheaper than gasoline. However, NO ONE has found anything! There simply is NOT a cheaper way to run an internal combustion gas engine. As soon as there is, I won't be the only one buying. Right now, the only market for biofuel is a completely artificial, government market. The companies producing biofuel are only doing so because the government gives them tax money to make it. The people selling biofuel are only doing it because the government subsidies make the price and profit levels reasonable. Many of the people using biofuels ARE government -- or are receiving taxpayer cash from the government for doing so. If you were to remove the government from this picture, what would you have? You would have a market that would collapse -- no one would make biofuel (at least not until it was cheaper than gasoline); no one would buy biofuel; and no one would use biofuel. Oh, and everyone who paid taxes wouldn't have to pay so much (yes, in reality they'd spend it on something else). So if YOU want biofuel, I have no problem with that. But stop spending billions of dollars of my money to force everyone else to pay for you to have biofuel.
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