A very short list (you could fill a library) of Government-Related Perverse Incentives… – Private Wealth Advisors

Friday, February 17, 2012

A very short list (you could fill a library) of Government-Related Perverse Incentives…

by Marty Mazorra CFP®, ChFC®

Founder & Co-Chief Investment Officer

*In the early 1960’s Europe (attempting to bolster its poultry industry) tariffed (added a tax to) U.S. chickens… President Johnson retaliated with a tariff on Europe-made commercial vans… Both tariffs are still on the books… Today, there’s a Ford plant in Turkey that affixes rear-side windows and back seats to what would have been commercial vans (i.e., transforming them into consumer [duty free] vehicles)… They’re then shipped to America, where they’re stripped of their rear-side windows and back seats (materials shredded and sent for recycling) and voil

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Marty Mazorra CFP®, ChFC®

Founder & Co-CIO

is the author of "Making Lemonade: A Bright View on Investing, on Financial Markets and on the Economy" and "Leaving Liberty?: Essays on Politics and Free Market Thinking".

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