Thursday, January 5, 2012

Occupy the Chevy Volt!

What if there were a loophole in the tax code through which taxpayers were paying almost 20 percent of the cost of a new $40,000 car for people with an average income of $170,000 per year?  Any rightminded person concerned with economic equality would be outraged, especially after learning that this corporate welfare was for one of the largest corporations in the world, right?  Well, not if the car was an electric vehicle that really makes its owners feel good about themselves and is produced by a government-owned auto company. Then it's okay to transfer from the poor to give a handout to the rich.

Even so, it turns out that there is legislation to repeal this crazy loophole.  Where are those Occupy people when you need them?