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At times, the California Legislature is reminiscent of a high-school student council, except that instead of working with few-hundred-dollar activities budget lawmakers are spending more than $300 billion in revenues. I’m not the first commentatorto notice that politicians often promise things they can’t possibly provideand are no more realistic than a student body president offering free pizza on Fridays.

What can you do? Democracy is, as Winston Churchillsaid, “the worst form of government except for all those other forms that have been tried from time to time.” Fast forward to the latest capitol silliness. A group of Democratic lawmakers is starting the End Poverty In California caucus, which is unlikely to be as EPIC as its name suggests. Ending poverty is a large promiseand the Legislature is much better at passing laws that exacerbate poverty (minimum wage, anti-competitive union work rules, onerous licensing requirements) rather than reduce it.

For starters, legislative caucuses are notoriously ineffective. They’re the equivalent of those high-school clubs where like-minded people get together to engage in virtue signaling and whatnot. The state legislature has 16 caucuses centering on identity (gender, ethnicity), issues (aviation, environment), or locale (rural communities, the Bay Area).

The latest newsworthy caucus formation is theProblem Solvers Caucus, which promises to put good policy over partisanship, but which has accomplished nothing remarkable. We can only hope the “ending poverty” effort is equally ineffective given the people whose ideas it is based upon. Politicoreportsthe name is a “nod to Upton Sinclair’s 1934 gubernatorial campaign” and is the “brainchild” of former Stockton Mayor Michael Tubbs.

Sinclair was a socialist and Tubbs is best known for promoting “universal basic income.” Sinclair’s EPIC campaign plan promised to “develop a state-managed cooperative economy that would initially provide livelihoods for the unemployed while pointing the way to the eventual replacement of the private economy based on profit,” the University of Washington explains.

The new EPIC chairman is Assembly Majority LeaderIsaac Bryan (DLos Angeles) so this comes from one of the Legislature’s most powerful members. Tubbs has created a nonprofit groupof the same name. He served as the mayor of one of the state’s mostimpoverished citiesa San Joaquin Valley industrial city best known for its municipal bankruptcy (caused in part by excessive benefits for city employees) and atrocious crime rates.

Tubbs apparently was so busy basking in hisnational attention as a young progressive rising star that he didn’t tend to matters at home. He lost re-election to a Republican political neophyte in a city with a two-to-one Democratic voter registration advantage. After his loss, he became an economic adviser to Gov. Gavin Newsom. Tubbs’ major initiative was that privately funded project to provide $500 monthly in free money to select residents.

If you’re still not understanding where this caucus is headed, then I’ll quote from Tubbs’ testimony at an Assembly subcommittee on poverty and inclusion, as captured in avideothat his nonprofit released. Tubbs said the state has a “unique opportunity” to pass “common-sense, well-researched policies from baby bonds to guaranteed income to housing as a right to more affordable housing to truly make the state a golden one for all.”

Baby bondswould have the government provide a set amount of money to every newborn child. Guaranteed income means the government would provide a stipend to everyone. Turning housing into a “right” means that landlords would lose the ability to evict tenants and also includes rent controlseven though “well-researched” studies have found such policies deplete the housing stock. More “affordable housing” means more subsidized housing.

Tubb’s group is correct that poverty rates in California are atrocious. “California has the highest rate of poverty at 13.2% of any state in the U.S.,” itnotes. “28.7 percent of all California residents were poor or near poor in fall 2021.” EPIC doesn’t address that California’s poverty rate is the worst in the nationespecially when cost-of-living factors are includeddespitethis being the nation’s most progressive state. It offers the most generous welfare programs.

One would think that politicians who are serious about ending poverty would at least address that paradox. The video features union organizers who point to the need for an even more powerful union presence in our state, yet unions were on the vanguard of some of the state’s most poverty-inducing policiessuch as Assembly Bill 5, which tried to ban most forms of independent contracting and destroyed moderate-income jobs throughout the freelance economy.

With their progressive policies, lawmakers are destroying the incentive for developers to build more housing. They’re always addingregulations and taxesthat shutter businesses and discourage people from investing in new ones. Instead of recognizing that California’s poverty problem largely is the result of government meddling, EPIC will propose more-aggressive interventions. At some point, lawmakers need to stop making unattainable high-school-level promises and begin wrestling with complex realities.

This column was first published in The Orange County Register.

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Crypto hacks are a wake-up call for DeFi

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Crypto hacks are a wake-up call for DeFi

Crypto hacks are a wake-up call for DeFi

Crypto hacks underscore the urgent need for CEXs and DeFi to overhaul their security, collaborate on risk management and embrace self-regulation.

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FATF’s crypto checklist hints at the next regulatory crackdown

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FATF’s crypto checklist hints at the next regulatory crackdown

FATF’s crypto checklist hints at the next regulatory crackdown

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Kia’s first electric hatchback is here and it has nearly 400 miles range: Meet the EV4 hatch

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Kia's first electric hatchback is here and it has nearly 400 miles range: Meet the EV4 hatch

Who said hatchbacks are going out of style? Kia’s first electric hatchback, the EV4, went on sale in the UK on Monday, offering the longest driving range of any of its EVs to date. Here’s a full breakdown of prices and specs.

Meet the EV4, Kia’s first electric hatchback

After launching the sedan version in Korea in April, the EV4 already took the top spot as the best-selling domestic electric sedan in its second month on the market. It’s already being called a “box office hit.” Now, the new hatch variant is officially on sale.

Kia opened orders for the EV4 hatchback in the UK on Monday, starting from £34,695 ($47,700). The EV4 is Kia’s first crack at an electric hatchback.

With an impressive 388 miles of WLTP driving range, it’s also the longest driving range of any EV Kia has ever produced.

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The hatch is based on the same E-GMP platform as the EV4 sedan and Kia’s other electric vehicles, but it’s custom-tailored for European buyers.

The base EV4 “Air” is available with two battery packs: 58.2 kWh or 81.4 kWh, providing a WLTP driving range of up to 273 miles or 388 miles on a full charge. Kia said it’s the brand’s first electric vehicle offering a range of over 380 miles.

Kia-EV4-first-electric-hatchback
Kia EV4 hatchback GT-Line (Source: Kia)

The sporty “GT-Line” and top-spec “GT-Line S” variants are available exclusively with the extended range (81.4 kWh) battery, which offers a range of 362 miles.

All EV4 hatchback models are powered by a single front motor with 201 bhp (150 kW) and 283 Nm of torque, good for a 0 to 62 mph sprint in 7.5 secs.

Kia's-first-electric-hatchback
Kia EV4 hatchback (Source: Kia)

The interior features a similar setup to Kia’s latest EV models, like the EV3 and EV9, with its new connected car Navigation Cockpit (ccNC) at the center. The setup features dual 12.3″ driver clusters and infotainment screens in a curved panoramic display. An additional 5.3″ touchscreen for climate control is included for easy access to heating and ventilation functions.

Like the EV3, Kia’s electric hatchback will include an AI Assistant, powered by ChatGPT. It will also be the brand’s first vehicle with several entertainment settings, including “Rest mode” and Theatre mode.”

Kia-EV4-first-electric-hatchback-interior
Kia EV4 hatchback interior (Source: Kia)

With all the seats upright, the electric hatch has a boot space of 435 liters, which Kia claims makes it “one of the most practical vehicles in its segment.”

With a length of 4,430 mm, a width of 1,860 mm, and a height of 1,485 mm, the EV4 hatchback is about the size of Kia’s XCreed.

The EV4 hatch can recharge from 10% to 80% in 29 minutes, while the larger battery will take approximately 31 minutes to charge using a 350 kW DC fast charger.

Kia EV4 hatchback trim Starting Price Driving Range
(WLTP)
Air Standard Range £34,695 ($47,700) 273 miles
Air Long Range £37,695 ($51,700) 388 miles
GT-Line £39,395 ($54,000) 362 miles
GT-Line S £43,895 ($60,200) 362 miles
Kia EV4 hatchback prices and range in the UK

Kia opened orders for the new electric hatch on Monday, July 1. It will join the EV3, EV6, and EV9 in the brand’s European lineup. The EV4 hatchback will be built at Kia’s plant in Slovakia to expedite deliveries, which are scheduled to begin in the Fall.

Kia also announced on Monday that a new EV4 Fastback variant will join the lineup, but didn’t offer any additional details. More info, including prices and specs, “will be revealed in due course.” Check back soon for the latest.

What do you think of Kia’s first electric hatchback? Would you buy one in the US? Unfortunately, it’s not likely to make the trip overseas, but we will see the sedan version launch at some point in early 2026. Let us know your thoughts in the comments.

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