https://seekingalpha.com/article/4292325-u-s-vs-california-emissions-battle-increasing-car-price
Wow, I thought Mr. Wahlman was an investment analyst but this one seems heavy on political subtext and low-quality policy persuasion, and light on analysis (flat $3000 price increase on a $15k car, or only CA and aligned states, wtf?).
Sure, The People's Democratic Republic of California is throwing its weight around (nothing new), but Wahlman's policy argument is almost devoid of the quantitative support needed to counter it on solid economic grounds.
Which is almost pointless because CA is operating on (probably fuzzy) quasi ideological grounds, liberty be damned. In that reality I think the debate that is actually needed is (1) what does the state have the right to inflict upon (in this case) corporations, and (2) what does it make sense to do given the massive externalities and lack of popular support for means that make more sense (pollution tax, GHG tax). The Trump administration is going after the former. Wahlman seems to be going for poorly supported claims to sway the masses, almost as if he is a fund manager who is long Ford and short Tesla and is seeing red in his visions of the future of his financial and professional status.
Submitted September 21, 2019 at 09:02PM by MostlyAnger https://ift.tt/330ZA15
