Thursday, October 26, 2023
The cost of producing electric vehicles (EVs) is far higher than the prices they are being sold for. Nearly $22 billion in federal and state subsidies and regulatory credits suppressed the retail price of EVs in 2021 by an average of almost $50,000.
- Thanks to an unlawful multiplier, EVs receive nearly seven times more credits under federal fuel efficiency programs than they provide in actual fuel economy benefits.
- Regulatory credits with bonus EV multipliers from federal fuel efficiency and greenhouse gas emissions standards and state EV sales mandates provide an average of $27,881 in benefits per vehicle for producers of EVs.
- Home and public charging stations used by EVs put a significant strain on the electric grid, resulting in an average of $11,833 in socialized costs per EV over 10 years, which are shouldered by utility ratepayers and taxpayers.
- Direct state and federal subsidies for EVs average $8,984 per vehicle over 10 years.
- TPPF Releases Study Exposing the True Cost of Electric Vehicles (texaspolicy.com)
Tuesday, October 24, 2023
Sunday, October 22, 2023
Jordan Peterson doesn't actually answer the question except to say that it doesn't work.
The way he describes the system is unintentionally misleading. It is not true that 5% of the poeple generate all the wealth. The vast majority of people can be productive and earn a decent living, and some of them can even accumulate wealth by a slow process.
Some of the inequality that often gets quoted by the Marxists doesn't take into account people building up wealth for their retirement. Most of us start with nothing and work for decades to live comfortably in our old age, which is what happened to me. The Marxists will include this in their statistics about inequality.