Congress and the Biden administration have signed up the working class to pay for the laptop class’s new electric cars ($7,500 each) and also for the gender studies degrees, and attempted degrees, earned by the children of the laptop class (“no one with a federally held loan has had to pay a single dollar in loan payments since President Biden took office”; studentaid.gov).
These programs raise the question “What else can we make a working class renter pay for?”
I was chatting with the owner of a $2 million house in our old town in the Boston suburbs. She had a mini-split air conditioner installed in an accessory apartment that she will be renting out at the fabulously high market rates now due to property owners. I asked her how much it cost. Her response:
$8800. ENTIRE cost rebated by MassSave. Free mini split.
Several of my homeowner friends up in Massachusetts are making huge profits from their rooftop solar systems. The general rate-payers, including the working class renters, have to buy electricity from them at full retail rates or higher, depending on when the systems were installed.
One friend lives in a 12,000-square-foot compound. He installed a solar system in 2016 that, due to subsidies from those who did not own property and/or did not install solar, was completely paid for within 4.7 years. It is now yielding an annual profit of 23 percent of the after-tax-credit 2016 cost.
I get paid double the value of the electric. I get to both use it and sell it after I use it. I know that makes no sense, but Democrats make the rules in MA.
He tried to explain a complex system in which he fake-sells his clean power to companies that want to fake-claim that they use all renewables, but my head was spinning from all of the market distortions.
Perhaps New Jersey runs the same system. Here’s a car with NJ plates (maybe a coronapanic refugee?) that wonders “I don’t know how many freeloaders I can afford??” (If the driver is part of the working class, Joe Biden just added a lot of college graduates to the list with his cancellation of student loan debt!)
I had a 3-head 2-ton Carrier mini split A/C system installed Oct. 2020 at my FL home. $6800, no government subsidy. I did take advantage of the $0 down/0% 3-yr financing offered by the contractor through Wells Fargo. Well, that is, I tried to take advantage of the $0 down/0% financing offer but Wells Fargo took the full $6800 out of my checking account on the first monthly payment.
Tesla raises prices to match whatever the subsidy of the day is so that would be a transfer from the walmart associates to Elon’s child support fund. Calif* loves to bash its under earning, gasoline burning walmart associates.
I wish New Jersey had the same system as Massachusetts. Our less than 5-year old Gree mini-split conked out and we could not find anyone who could fix it. We had a new Mistubishi mini-split installed for $9000, excluding a $2000 NJ clean energy rebate.