Monday, August 7, 2017

Time to Stop Subsidizing Rich People

8/7/17 The Hill points out that the government subsidizes Elon Musk's ideas:
Here’s the question I hear when I’m talking to friends in Georgia who ask me to explain Washington to them: “Why should those guys in Washington take my hard-earned tax dollars and use them to lower the price of an electric car for some movie star in Hollywood?”
That’s a good question. Given that the average household income of a Tesla Model X owner is $503,000, that the average household income of a Tesla Model S owner is $267,000, and that we can only assume the average household income of a Model 3 owner will be somewhere in six-figure territory, it’s a tough question to answer. 
If Leonardo DiCaprio – who commands $20 million per movie (and there’s nothing at all wrong with that, if Hollywood studios think he’s worth the investment) – wants to buy a Tesla electric car, more power to him. But he certainly doesn’t need to be taking money out of the pockets of middle-income people elsewhere to do it. He can afford it on his own.

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