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Originally Posted by jjackstone
While I generally agree with this statement I also believe that if the government is going to subsidize corporations then they can go ahead and subsidize the general population on higher dollar items too. Almost every major US corporation has at one time or another received subsidies from the government in one form or another. Might be tax breaks, flat handouts(grants), backroom deals or whatever. I would imagine that if it weren't for the electric car and solar panel subsidies in whatever form, that we would still be ten years away from where we are now in those two industries.
What I'm saying is level the playing field. Either subsidize everyone or no one. Personally I prefer no one.
JJ
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I'm with you on eliminating most every subsidy, as those are a tool of scoundrels who act on behalf of special interests.
People/corporations who do not need handouts should not receive them. Wealthy people buy new cars, and therefore an EV tax credit is an anti-progressive tax on citizens to subsidize the few wealthy people buying a particular new car.
The government should not be involved in picking technology winners and losers, and should be manipulating markets as little as possible. Instead we allow scoundrels to "represent" our interests who instead cater to special interests while lining their own pockets in the process.
The goal isn't to see EVs become the dominant form of transportation; rather it's to reduce foreign dependence on oil and minimize environmental harm. This might involve transitioning to EVs, but the proper role of government is to act at a very high level to enact laws, rather than at a granular level by promoting EVs.
Quote:
Originally Posted by oil pan 4
I do. Apparently I'm wealthy.
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I bought a $217k house (and got the $8k credit) on a $40k income due to not having purchased any of those other things on the list and being frugal. I put 20% down in cash too. I consider $40k to be an extravagant income for a single guy with no obligations. It's enough to comfortably raise a family too. I'm making a lot more now, and so is my wife, but I still live as though I make $40k. No new vehicles for me. I'd like to retire with money to travel.