Friday, July 6, 2012
Crony Capitalism Strikes Again!
You want an example of what I call crony capitalism? Here's one for you; the recently signed transportation bill also included a section that makes Roll-Your-Own cigarettes get taxed at the same rates as the big corporate brands. Since they cost about half as much, and don't include all the nasty chemicals found in store bought brands I can totally see why the big cigarette companies wouldn't like them. However politicians pandering to this crap is what qualifies it as crony capitalism. Making laws they know will drive the competition of their campaign financers (which is why I think corporations if they are going to be counted as people should be limited to the same amount in campaign contributions as a single citizen).