After I drove the car onto my first Fox Business Network show last week, viewers wrote in asking how they could get one.
But others got the concept.
Sirsickofit writes: "People, please stop asking for information on the golf carts. ... Stossel is trying to make a point!! If you purchase these carts you will be adding to the problems."
I'd like my taxes (and government spending) cut, too, but I don't want a manipulative favor from government -- I'll give my cart to charity.
The electric-vehicle subsidy is ludicrous not just because it is a form of industrial policy -- which almost always picks losers -- it's also destructive because it creates more pollution, not less. That's because much of the electricity needed for their operation comes from burning coal. As the National Research Council puts it:
"Although they produce no emissions during operation, they rely on electricity powered largely by fossil fuels for their fuel and energy intensive battery manufacturing."
In addition, check out the complexity of the credit:
"(1) $2,500, plus (2) $417 for each kilowatt hour of traction battery capacity in excess of 4 kilowatt hours. Section 30D(b)(1) limits the amount of the credit allowed for a vehicle to amounts ranging from $7,500 to $15,000, depending on the gross vehicle weight rating of the vehicle."
How many hours will accountants and tax lawyers waste over that?
Congress makes life worse every time it meets, and green hysteria sucks so many good things from the country.
Government is a meddling presumptuous pain in the neck. The sooner we get it to stop manipulating us through tax laws, the better.
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