“iRobot, the creator of Roomba, filed for bankruptcy on Sunday. If Amazon had been allowed to acquire the company in 2022, consumers likely would have enjoyed improved quality and lower prices. Now, thanks to antitrust regulators, iRobot will be acquired by a massive Chinese robot vacuum manufacturer, Shenzhen Picea Robotics, instead of American-owned Amazon.”
“We shouldn’t let government subsidies distort the market. U.S. Commerce Secretary Howard Lutnick embraced this thinking with his June 2025 decision to drop the NTIA’s “fiber preference,” shifting the agency toward a technology-neutral, cost-driven framework. The policy emphasizes cost-effectiveness among technologies meeting speed and latency standards.
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In many areas, fiber expansion will continue to make sense, but if LEO-based broadband can offer high-quality internet connectivity virtually instantaneously and on the cheap to many in the targeted regions, why should the federal government stand in the way? After all, as Starlink celebrates its 8 million and counting user base, something largely accomplished absent heavy subsidization”
“The Trump administration unveiled a $12 billion aid package on Monday for farmers hurt by President Donald Trump’s tariffs and other economic challenges.”
“The timing of this loan makes the investment all the more questionable. As CNBC reports, “When asked why Constellation was receiving the loan now,” an Energy Department official said, “Constellation could have completed the project without help from the Energy Department. But the loan will help make electricity cheaper for consumers on the grid operated by PJM Interconnection, which serves more than 65 million people across 13 states.”
Wanting to reduce electricity rates may be a worthwhile goal—energy costs are outpacing inflation and are rising faster in some states with a higher concentration of data centers—but pouring public money into restarting nuclear power plants is not the best way to achieve this.”
“In theory, the CHIPS Act provided a mechanism for the federal government to retract the grant and get all or part of its money back should Intel fail to meet its obligations. It’s not clear whether the federal government would have exercised its option to take the money back, but it was an option—until Trump stepped in.
As the company flailed, Trump met with its CEO, Lip-Bu Tan. Trump first called for him to resign. Then in August, the Trump administration announced that the federal government would just take partial ownership of Intel. Essentially, the U.S. government would purchase a roughly 10 percent stake in the chipmaker, partially nationalizing the company. And funds from CHIPS would be used to do it.
Trump bragged about the deal, saying he planned to “do more of them.” The company’s stock price rose on the news, suggesting that investors liked it. But that’s probably because it was a good deal for the company, at taxpayer expense.
According to public financial filings, the federal government would disburse the remaining funds, about $6 billion, while clearing any obligations for the company to actually complete work on new domestic semiconductor fabs.
In exchange, the federal government would gain partial ownership—as well as all the financial risks stockholders usually have when they invest in companies. Those risks will now be borne by taxpayers.
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Trump gave Intel a federal bailout, removing the company’s public obligations and accountability while loading more financial risk onto the public.”
“Freezing the rent: Mamdani’s signature campaign promise was to freeze the rent for more than 2 million tenants living in rent-controlled housing. But the city’s cost of living has grown unabated despite decades of rent control—which, coupled with restrictive zoning, has made the city’s housing shortage worse.
$30 minimum wage: There’s good reason for New Yorkers to be skeptical of Mamdani’s plan to raise the minimum wage. When the city raised the minimum wage to $15 an hour in 2018, the predictable result was increased unemployment and black markets in labor. Nearly doubling the current minimum wage of $16.50 by 2030 would produce similar consequences.
“Free” buses: On the campaign trail, Mamdani promised to eliminate the fare on every city bus to make them “fast” and “free.” The plan would cost taxpayers $600 million–$800 million annually and likely result in slower speeds, which is what happened when the city piloted five fare-free bus lines in 2023 and 2024.
Government-run grocery stores: Mamdani has proposed not-for-profit, government-run grocery stores—subsidized to the tune of $140 million a year—to reduce prices at the checkout counter. New York’s grocery stores, like others across the country, operate on razor-thin margins. The profit motive isn’t to blame for high grocery prices; inflation and supply chain disruptions are.
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$5 billion corporate tax: Naturally, Mamdani promises that you won’t pay for his multi-billion dollar programs—greedy corporations will! If Mamdani manages to convince state lawmakers to increase the city’s corporate tax rate from 7.5 percent to 11.5 percent, New Yorkers should expect companies to reduce salaries, benefits, and headcount to remain in business. Some might opt to abandon the city altogether, leaving the taxpayers of the People’s Republic of New York to foot the bill for their socialist utopia.”
“”On April 1, 2024, California raised its minimum wage from $16 to $20 per hour for fast-food workers employed at chains with more than 60 locations nationwide,” Jeffrey Clemens, Olivia Edwards, and Jonathan Meer write in a National Bureau of Economic Research working paper that was first addressed by Reason’s Peter Suderman in the November print issue. “Our median estimate suggests that California lost about 18,000 jobs that could have been retained if AB 1228 had not been passed.””
“Mamdani said that he is going to pay for his grocery stores by “redirecting” $140 million worth of city funding that is already being spent subsidizing corporate grocers. As the Washington Examiner’s Timothy Carney was the first to notice, that number is based on a misreading of a city website. The city subsidizes some private grocery stores at a cost of about $3.3 million per year. As some Bronx residents told Fox News’ Kennedy in a new video published by Reason, the city should focus instead on helping the homeless, dealing with “rats the size of cats,” and cleaning “all of the needles on the street.”
Direct assistance is a more cost-effective and less destructive way to support low-income households than government-run supermarkets, and it’s something the federal government already does in abundance. Through the Supplemental Nutrition Assistance Program (SNAP), or food stamps, 1.79 million New Yorkers—20 percent of the city’s population—receive help purchasing groceries each month.”
“In 2023, California passed a law requiring a $20 per hour minimum wage for all fast-food restaurants with more than 60 locations nationwide.
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New research suggests that the mandate has also resulted in fewer jobs for struggling entry-level workers.
The law went into effect in April 2024 and increased the hourly pay of an estimated half a million workers across the state. But without the law in place, thousands more workers would likely have been employed.”