In a brainstorm that has leftist central planners around the world salivating, an Australian market analytics firm has proposed that the country start imposing a tax on spare bedrooms. The aim: To ease the country’s housing shortage by incentivizing those who have more housing than they “need” to sell and downsize.
Cotality Australia notes that 61% of the country’s households comprise just one or two people, yet the housing stock is dominated by three- and four-bedroom homes. Cotality says that, to “fix” this discrepancy, “governments could make it more expensive to have more housing than you need, and cheaper to live in smaller housing.”
BP’s 435k-bpd refinery in Whiting, Indiana, suffered a major outage that is expected to be resolved this week. The timing comes just ahead of a busy travel holiday weekend, with pump prices in states including Ohio, Wisconsin, and Michigan jumping on Monday. Prices in those states are likely to remain elevated through the weekend. Continue reading “Outage At Largest U.S. In-Land Refinery Sends Pump Prices Soaring In Midwest”