The Wrong Way to Tackle Inflation
California Governor Gavin Newsom’s proposal sounds reasonable, given that gas costs $5 a gallon or more in much of the state. It is not.
This week, California Governor Gavin Newsom proposed a kind of universal basic income for cars. This is, put short, a bad idea.
The proposal was part of a package of policies designed to shield families in the state from the wallet-squeezing, impoverishing effects of in general, and spiraling gas prices in particular. He’s asking the state legislature for $500 million for walking and biking projects, three months of free public transit for everyone, $1 billion in tax adjustments for diesel fuel, and
