Get your Free Golf Cart, Complements of the U.S. Government

Electric Car Loophole is Prime Example of Taxpayer Waste

I had heard about this tax loophole this fall, but wrote it off as a financial version of an urban myth. However, I am sitting here watching John Stossel’s show, and out he comes in a brand new golf cart.

The deal is that there is a $6500 tax credit for people who purchase electric cars. However, you just can’t underestimate the ingenuity of the American public because these golf cart dealers have dropped the price of their vehicles to $6500, thereby creating a “free” golf cart promotion.

Great.

Is this electric cart environmentally friendly?

That is a great way to waste money. Wouldn’t we be better off say……not spending money subsidizing golf carts? Or is this some way of evening the playing field, by letting the poor have something typically enjoyed by those evil rich golfers? Personally, if I could get the $500 bucks per month, I would rather put that towards something like…….say……paying for my own healthcare?

One last thing about electric vehicles in general is that they are misconstrued as having a positive impact on the environment. However, this wouldn’t be further from the truth. After all, the very electricity that is used to charge these vehicles had to come from some type of source. Power is generated in large part by coal burning plants that use more energy to make electricity than the very cars they support.

Here is a quick video that displays this most recent example of government waste at its finest!

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Tags: electric car deduction, golf cart, Government-waste, tax credit

This entry was posted on Saturday, December 12th, 2009 at 4:09 am and is filed under Government-waste. You can follow any responses to this entry through the RSS 2.0 feed.