The Answer: blunderbuss
The Question: What do you call the result of allocating many tens of billion dollars to battery-powered public surface transportation in the current infrastructure bill?
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Aka, Grandpa’s blog … An emotional purgative for our world's cultural excesses.
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5 comments:
I’d call it reallocation of oil industry subsidies.
Oil companies pay good money to extract oil from a piece of land (after which all that is left is the land), then depreciate this asset (oil depletion allowance). I guess I don’t understand how this is any different from the classic accounting “gimmick” of asset depreciation? Or is this difference driven by the left’s hatred of hydrocarbons?
Consider oil industry tax breaks, production credits, and accelerated depreciation for capital investment. And there is that "hatred" word again. When society was moving from horses to cars, it was not hatred of horses that motivated forward-thinking people.
Without depreciation, emission credits and tax rebates to EV buyers, Tesla would not lave a lick of earnings. Should we cut off the govt’t perks to them. Or is your outrage situational?
There were EVs in 1904 … not so forward looking?
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