Friday, March 20, 2009

More Welfare For The Rich

It looks like we not only have Welfare for the Rich. We have another case of the same welfare. Want a $50,000 electric sports car? Have we got a deal for you.

When Tesla formally announced the Model S Sedan last June, the MSRP bandied was about $60,000 for the all-electric sedan. In its newsletter today, Tesla has confirmed that the "anticipated base price" for the Model S will be $57,400. With a federal tax credit of $7,500 available, however, the Model S should cost just $49,900. Details on what's included in the base version of the Model S should be available at the vehicle's official unveiling next week.
What a great deal. For a bailed out banker. Or a Fannie Mae executive.

I think this whole deal is supposed to work on the trickle down theory. First the rich get the cars and then when they become used cars the rest of us have a chance. Now I believe in trickle down myself. If it weren't for used cars I wouldn't have a car. But please. Couldn't we do it without subsidies?

H/T Instapundit

Cross Posted at Classical Values


kramsmarba said...

Keynesian don't care what you spend money on . They just want more money being spent fatser . For them:
more money spent at a faster rate =
more wealth (bigger Gross National Product) .

Yes they are insane and yes they do run the federal reserve .

Susan's Husband said...

Beyond that, Tesla cars are only viable because of a state law mandating recharging accessibility, for which non-Tesla buyers end up paying.