19.11.02

ARBITRAGE OPPORTUNITY. Reason's November 18 Brickbat reports the arrest of fourteen men. Their crime? Buying bottles and cans in Mexico and states that don't charge a deposit and bringing them to California to collect money. Discarded aluminum cans can be had elsewhere for about $950 a ton and then sold in California for about $2,490 a ton. Plastic bottles sold for $90 a ton out of state brought $910 in California. The real crime is that California taxpayers are making up the difference on each ton of aluminum or plastic sold by the state to the manufacturers of recycled products.

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