Each Chevy Volt sold thus far may have as much as $250,000 in state and federal dollars in incentives behind it – a total of $3 billion altogether, according to an analysis by James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy.
“It just goes to show there are certain folks that will spend anything to get their vision of what people should do,” said State Representative Tom McMillin, R-Rochester Hills. “It’s a glaring example of the failure of central planning trying to force citizens to purchase something they may not want. … They should let the free market make those decisions.”
“This might be the most government-supported car since the Trabant,” said Hohman, referring to the car produced by the former Communist state of East Germany.
According to GM CEO Dan Akerson, the average Volt owner makes $170,000 per year.
BAILOUTMOBILE - Chevy Volt Costing Taxpayers Up to $250K Per Vehicle - Home - The Daily Bail
Subsidization of any industry beyond a gentle nudge is at the expense of those who receive little to no benefit, with a small portion of the population living off of the hard work of the general population. Whether it's corn for ethanol, hybrid cars, education, or a host of other subsidies, the taxpayers are being gouged by special projects for legislators and their constituencies. This sort of development is more than unsustainable, it damages the economy and drives the wedge in the wealth gap even further. This road can lead only to a bad place.
No comments:
Post a Comment