Browsing the blog archivesfor the day Monday, April 21st, 2014.


All Your Billionaires Are Belong to Us

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Wingnuts Being Wingnuts

John Hinderacker the Power Tool is livid that there’s a billionaire out there who has pledged support to … Democrats. This is unnatural; it violates the God-ordained order of things.

Billionaire hedge fund operator and “green” energy magnate Tom Steyer has pledged $100 million in the 2014 election cycle to help Democratic candidates who oppose the Keystone pipeline and who favor “green” energy over fossil fuels. Steyer claims to be a man of principle who has no financial interest in the causes he supports, but acts only for the public good. That is a ridiculous claim: Steyer is the ultimate rent-seeker who depends on government connections to produce subsidies and mandates that make his “green” energy investments profitable.

I don’t know John Steyer and have no idea where his head is. It may very well be that he’s taken a good, hard look at the world and reality and decided that, sooner or later, fossil fuel energy will be as extinct as the dodo and that the future will be green, and he might as well prepare himself to cash in.

To which I say, good for him. Imagine what the world would be like if the Koch Brothers suddenly had the same epiphany. Among other things, they’d stop subsidizing climate change denialism, and then maybe we’d actually be able to do something to, you know, save the planet. See, for example, Secret funding helped build vast network of climate denial thinktanks; Who Funds Contrariness on Climate Change? and Inside Koch’s Climate Denial Machine.

And by the way

Koch Brothers likes to champion themselves as crusaders against the welfare state. But a new report shows that they took $88 million of your taxpayer dollars while demanding that governments stop wasting taxpayer dollars. In total, $110 billion goes out to corporate welfare projects from state and local authorities. This does not even include money coming from federal sources.

In other words, the Tool is angry that Steyer is doing exactly what the Koch Brothers are doing, except he’s doing in a way that benefits Democrats. It’s unnatural, I tell you … Although I do find it amusing that a tool like the Tool uses the term “rent-seeker” as an insult. He sounds almost like a socialist.

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