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Sunday, March 04, 2012

Should the 99% Subsidize the 1%?

No, I'm not referring to the oil companies.  And I'm not talking about indirect subsidies that go to shareholders of Big Tobacco or Big Pharma or Big anything else.

I'm referring to direct subsidies to America's wealthiest liberal Democrats - those greenies who buy the Chevy Volt. 

It's time for those of you who hate the rich but love "the environment" to come to terms with this:
Obama hikes subsidy to wealthy electric car buyers
By Neil Munro, Daily Caller

The White House intends to boost government subsidies for wealthy buyers of the Chevy Volt and other new-technology vehicles — to $10,000 per buyer.

That mammoth subsidy would cost taxpayers $100 million each year if it is approved by Congress, presuming only 10,000 new-technology autos are sold each year.

The average income of the Chevy Volt’s buyers is $170,000 per year, according to General Motors CEO Dan Akerson. “Some of them — I think roughly half — are either [Toyota] Prius or BMW owners,” Akerson said in a Dec. 16 interview with the Associated Press.

That high income puts the Volt’s buyers in the top 7 percent of households, according to census data, and slightly above the rankings held by households with BMWs, Lexuses or Cadillacs. [link] [emphasis mine]
Question: Should that young family of three, struggling to stay afloat and meet its tax obligations, be required to help pay for toys for the rich?

This, to me, is just another glaring example of the fact that environmentalism is the blithe plaything of the affluent. Think Al Gore. Think Ted Turner.  Think Chevy Volt owners.

Me?  I say, end oil subsidies, end foreign aid subsidies, end farm subsidies, and end subsidies that go to liberals with daffy ideas, a distorted sense of self-importance, an excess of disposable income, and shit for brains.