“Tesla, GM buyers would get EV tax credits again under Democrats’ climate bill” (CNN, yesterday):
Under a new green energy bill agreed to by Democratic Sens. Chuck Schumer and Joe Manchin, automakers like Tesla and General Motors would regain the ability to offer federal tax credits to customers who buy their electric vehicles.
Under current regulations, buyers of electric vehicles get a $7,500 tax credit when purchasing an electric vehicle, but that full credit is limited to the first 200,000 electric vehicles sold by any given manufacturer.
In other words, the working class will once again be paying for the laptop class’s Teslas. The person who commutes 2 hours per day in a 10-year-old Camry will pay $7,500 towards the brand new luxury vehicle whose owner can pretend to work from home indefinitely.
The law fits perfectly into the American system of transferism, in which government’s main role is moving money from one group of voters to another. But I wonder if it could be enhanced. Here at Oshkosh, for example, there are a lot of new private jets displayed. Like electric cars, these can be characterized as more energy efficient than older airplanes. Here’s a single-engine Cirrus Vision Jet, for example:
Every time the start button is pressed, Mother Earth breathes a sigh of relief that an older two-engine jet wasn’t spun up. Shouldn’t the working class have to pay for part of each Vision Jet?
Separately, a trip to the nearby branch of the University of Wisconsin showed the value of the college educations that, via student loan “forgiveness” (transfer to taxpayers), are now being paid for by the working class. I think the idea is that people who do real jobs will benefit indirectly from the presence of the hypertrophied brains that American universities are producing. Here’s a sign from the cafeteria that serves the young geniuses who are being funded by those who clean pools, cut lawns, crawl into attics to service air handlers, etc. It reminds those who have soaked up hundreds of $thousands in education that pecan pie contains nuts:
Related:
- “Yes, Immigration Hurts American Workers” (Politico 2016), in which a Harvard professor explains, “The total wealth redistribution from the native losers [working class] to the native winners [laptop class] is enormous, roughly a half-trillion dollars a year.” (adjusted for inflation, the indirect wealth transfer accomplished via low-skill immigration is probably at least $700 billion per year)
This should be limited to the sub sonex jet which serves no actual purpose!
By and large General Aviation serves no purpose. But, if you want your GA, you can … you know
Can’t wait to upgrade my Tesla Model 3 Performance to a 4-motor Cybertruck!
As a member of laptop class I am offended by continuous stigmatization of hardworking and rational folks like myself as “tesla owners”. I am too rational, numerate and scientifically-educated to justify tesla ownership.
But what are you going to do with your ill-gained moneys? Take them to the grave? Tesla is super fun and comfortable to drive. Overall ownership experience is way better, this is why people buy them and there’s a line to get one even now. 🤷♂️
The bottom needs to pay more into the mortgage assistance of the top. What’s wrong with those slackers? The California Dream for All program really needs to pay all $3 million for a house instead of just 17%.
The battery in a GMC Hummer EV weighs as much as an early-mid 1970s Camaro. The whole car. So when you drive your Hummer EV to a celebrity/influencer photo shoot/video shoot in the hills of LA and then later on to your favorite nightclub, its ~9500 weight is also hauling around the equivalent mass of a ’73 Camaro Z28 with the 350CID V8.
https://www.musclecarfacts.com/chevrolet-camaro/62-1973-camaro/
In 1973, the MSRP of the Z28 was $3,713, nicely appointed, which is approximately $24,780 in today’s “money.” So on the one hand, the taxpayer in the 10 year old Corolla shouldn’t feel too bad: they’re only paying about 1/3rd of what a 1973 Camaro Z28 would have cost, and the Hummer EV owner gets the equivalent mass of the whole mass! That’s an incredible bargain!