Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (831482)	1/22/2015 11:00:42 AM
From: Brumar89	Read Replies (1) \| Respond to of 1577093

Who reaps the benefits from electric vehicle rebates? Posted on January 22, 2015 by Bob Greene \| 2 Comments In the State of Washington nearly half the tax breaks go to the wealthiest 10% with no real environmental benefit. Thanks to a Junkscience reader who provided this link to Washington Policy Center article by Todd Meyers: Nearly half of electric car tax breaks go to state’s wealthiest 10 percent The Washington Policy Center’s analysis shows that the $15 million tax break doesn’t increase car sales or have any environmental benefit. The key findings: Nearly half of sales tax breaks for electric vehicle buyers go to people living in the wealthiest 10 percent of zip codes in Washington state. About 97 percent of electric vehicle sales tax breaks go to Western Washington. Tax breaks go primarily to wealthy buyers who would likely have purchased electric cars anyway, so they result in few new electric vehicle sales. For the estimated $15.6 million in tax breaks, the environment receives almost no benefit from carbon emissions reduction. The same funding could be used elsewhere to reduce 1.2 million metric tons of CO2 – or all of the emissions of 253,803 cars for an entire year. The price of the tax breaks don’t include the other subsidies for these cars. But at least everyone in Washington can feel green. http://junkscience.com/2015/01/22/who-reaps-the-benefits-from-electric-vehicle-rebates/ Welfare for the liberal rich. Welfare for the liberal rich that doesn't result in more EV's sold and doesn't reduce CO2 emissions. What a perfect liberal policy.