President Obama's progressive policies are running headlong into each other, mutual destruction style. Mr. Obama's tax plan, meet Mr. Obama's 'plan' for electric cars!
There's a big problem with electric cars. They're expensive. So expensive in fact that the market for them is pretty much limited to people making more than $200,000 per year according to Robert Bryce's quote of Deloitte Consulting about this.
But, wait a minute! Aren't those the same people whose income is about to take a big dive if Obama gets his way with his tax-the-rich scheme? Seems to me that those 'evil rich' people will be less able and less inclined to buy those electric cars that only they used to be able to afford.
Progressives tend to believe they can create (force) a market where one doesn't exist by force of power or taxpayer money. Problem is, that only works in college classrooms ... at progressive institutions. In the real world, the market is determined by what people want and can afford. Progressives may not like capitalism but, in the end, it rules the day. Produce a product few people want (because it doesn't work or meet a real need) or can afford and they won't buy it.
That approach didn't work in communist Russia when the government decided to control shoe production. They created a standard shoe that would be made throughout the country and they made more than enough for everyone. Yet, there was a shoe shortage. Why? Because no Russians wanted the shoe designed by their government. Those plentiful shoes piled up in government-owned shoe stores and people went without shoes because that was easier on their feet than wearing a bureaucracy's creation.
Hmmmmm. Is it 'back to the drawing board' time on your policies yet Mr. President? Perhaps on your progressive approach to things as well?
No comments:
Post a Comment