Why Do We Subsidize Rich People’s Toys?

You would think the one thing liberals could agree with regular Americans about is that taxpayers should not be forced to subsidize rich people’s toys. However, a study by the Energy Information Administration found the following:

“About one-third of all households have annual incomes higher than $100,000,” the study noted. “However, about two-thirds of households with [battery electric vehicles] or [plug-in hybrid electric vehicles] have incomes higher than $100,000. Households with annual incomes lower than $25,000 account for about 16 percent of all households but about three percent of BEV- and PHEV-owning households.”

Electric cars are driven by those who can afford frivolities — and yet:

Americans can enjoy federal tax credits and numerous state-level benefits, according to Plug In America — a nonprofit organization that promotes the use of electric cars. However, most low-income Americans are still unable to purchase these zero-emissions vehicles, even with subsidized rates.

Virtue signaling by liberal elitists does not improve the weather. But it does increase the tax burden on those who are less well off.

On a tip from Stormfax.

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