Friday, March 9th, 2012 and is filed under News
Last year, the government announced a $10 billion reward for any company that produces an energy efficient light bulb that is deemed as “affordable.” Well, Philips has won the prize for producing their LED bulb. The price tag on the market is $50 per bulb! Couple that with government mandates that will ostensibly force us to purchase green light bulbs, and we have corporate cronyism and government-induced regressive taxation in one. Good job Obama.
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