Editorial

For a guy who proclaims the wonders of our free enterprise system and is viewed as the wisest of investors, Warren Buffett apparently is feeling a bit clammy when it comes to his MidAmerican Energy Company idea to build a nuclear power plant in Iowa.

First, MidAmerican last year convinced the legislature to have customers cough up $15 million for a 3-year study of the idea of building a nuclear plant in the state.

Once again, the city of Bettendorf is planning to award tax incentives to a developer, this time for an office building on prime real estate adjacent to Interstate 74.

The deal would rebate a total of $250,000 in city, school district and county taxes over a 10-year period back to the developer. The incentive with Plantation Development sets a bad precedent and should be turned down.