Showing posts with label gaming the system. Show all posts
Showing posts with label gaming the system. Show all posts

Saturday, March 13, 2021

Electric Vehicle Subsidies, Fantasies and Realities

Recommendable! EVs are anything but environmentally friendly! A giant boondoggle of our time. How the well off game the system! The privileges bestowed on those who can afford EVs is mind boggling! What a social injustice!

"[phony] Climate Czar John Kerry will likely be happy to buy EVs to expand his fleet of twelve cars, two yachts, six houses, and the private jet he flies in to accept climate crusader awards. ...
A 2021 Tesla Model S Long Range can go 412 miles on a multi-hour charge; its MSRP is $80,000. The Model Y all-wheel-drive is $58,000. A Nissan Leaf is “only” $34,000 but only goes 149 miles. Mileage of course assumes temperatures are moderate and drivers aren’t using the cars’ heater or AC. Similar sticker-shock prices apply to other EV makes and models, putting them out of reach for most families. 

To soften the blows to budgets and liberties, Senator Chuck Schumer (D-NY) wants to spend $454 billion to install 500,000 new EV charging stations, replace US government vehicles with EVs, and finance “cash for clunkers” rebates to help at least some families navigate this transportation transformation. 

Politicians are being pressured to retain the $7,500 per car federal tax credit (and sweet state tax rebates) now scheduled to lapse once a manufacturer’s cumulative vehicle sales since 2009 reach 200,000. EV drivers also want other incentives perpetuated: free charging stations, access to HOV lanes for plug-ins with only the driver, and not having to pay fees that substitute for gasoline taxes to finance the construction, maintenance and repair of highways they drive on. ...
A 2015 study found that the richest 20% of Americans received 90% of these generous EV subsidies. [presumably not much has changed in the intervening years until now] ..."

EV Subsidies, Fantasies and Realities | The Freedom Pub

Oprah-Connected Charities Took Almost $300K In Federal Paycheck Protection Program (PPP) Funding

Just a few day ago, I commented here on her looks when she interviewed the British royalty!

When rich celebrities game the system! Do you wonder why lower income people do the same when they can?

"Kanye West, Robert Redford, and Francis Ford Coppola weren’t the only entertainers with affiliated businesses or non-profits that reaped large Covid bailouts from Congress last year. ...
In April 2020, that same club [Oprah Winfrey Boys & Girls Club of Kosciusko/Attal County], named after one of the most well-known billionaires in the entire country, turned to the federal government to get a Paycheck Protection Program (PPP) loan – backed by taxpayers – for $97,694. Furthermore, the Oprah unit of the Boys & Girls Club of East Mississippi —under whose umbrella the Oprah Winfrey Boys & Girls Club in Kosciusko falls— received a federal PPP loan in the amount of $193,366. ..."

Oprah-Connected Charities Took Almost $300K In Federal Paycheck Protection Program (PPP) Funding (behind paywall)

"The overall [PPP] subsidies are quite breathtaking.
Kanye West, who just declared for president and claims a net worth of $1.3 billion, took between $2 million and $5 million for his clothing and sneaker company, Yeezy LLC.

Robert Redford’s Sundance Institute received between $2 million and $5 million in lending. The non-profit’s latest IRS 990 lists $55.4 million in assets (FY2018).

Then, there is Francis Ford Coppola the legendary filmmaker of the Godfather and other movies.
Coppola is also a renowned wine maker and two of his affiliated companies received PPP funding including Francis Ford Coppola Presents LLC ($5 million to $10 million);and Niebaum Coppola Estate Winery, LP ($1 million - $2 million).
A spokesperson responded to our request for comment:
“Francis Ford Coppola Winery and Niebaum Coppola Estate Winery, LP applied for the PPP loans based on business necessity and are using the entirety of the loans on wages and benefits to save the employment of its wineries, hospitality, and restaurant workforce during these uncertain times.  ..." (Source)