05/16/2018

Jerry Brown’s Gas Tax Could Be Huge Win For California Republicans In November

Henry Rodgers, Western Journal

A voter referendum on the November ballot to repeal a state gasoline tax in California could lead to a wave of wins for Republican candidates due to the soaring prices in the state.

The referendum has helped California Republican Rep. Mimi Walters raise millions of dollars for her campaign.

The referendum would reportedly lower the price of gasoline in the state to $2 per gallon by 2021, Politico reported.

Walters and Republican candidate Young Kim, who is running for retiring Rep. Ed Royce’s seat, brought several boxes filled with 82,410 signatures into the Orange County Registrar’s office in early May to repeal the gas tax.

Republicans have now collected over 1 million signatures, even though only 365,880 were needed to put it on the November ballot.

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In Search Of History

4,000 Years Of Price Control

Tablets, said to be 200 years older than the Babylonian Code of Hammurabi ... show that the ancient kingdom of Eshnunna had wage control and price control. The news ought not to have come as a surprise. For the code of Hammurabi itself (unearthed in 1902), which was promulgated earlier than 2000 B.C., fixed prices, wages, interest rates, and fees. This makes price control at least about 4,000 years old. ...

 

Ironically, it is those who now wish to return to this ancient totalitarian device who are fondest of calling themselves “progressives.” They are also fond of saying that those who believe in economic liberty “are living in the nineteenth century.” These controlists have yet to learn that they themselves are still living, as the discoveries in Babylonia attest, in the nineteenth century—B.C.!

-- Henry Hazlitt,

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    FreeMarket Central Shadow Stats: 9.9%

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