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Thread: A tax credit for a product means no one wants to buy it

  1. #1
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    A tax credit for a product means no one wants to buy it

    Rush Limbaugh said this recently:

    “However, you can get it for less — there's a $7,500 tax credit,” Limbaugh said with a sardonic tone on his Wednesday program. “Which means that Obama and the government are admitting that nobody wants this. Nobody wants it. We gotta give you a $7,500 discount. Why don't you try this, Mr. Obama, and the rest of you at Obama Motors: Just put it out there at 41 grand and let the market decide.”

    Let's ignore for the time being that the Tesla Roadster and the Fisker Karma both eligible for the credit have large backlogs are eligible for the credit.

    Do you agree that when the government offers a tax credit for a product, that means no one wants to buy it?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  2. #2
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    Re: A tax credit for a product means no one wants to buy it

    Nope, as typical from Rush its hyperbole built upon a more reasonable basic notion.

    That notion being that Hybrids/Electrics by themselves probably cost too much for them to be widely accepted within the population as an actual option. The cost/benefits relationship that individual citizens do when choosing a car comes out poorly at the base price for a Hybrid compared to how worth while it's benefits are to have one. The Tax Credit reduces the cost somewhat significantly, bringing it at least closer to a regular version of a car and thus increasing the cost/worth ration for individuals leading them to be more likely to buy it as the "benefits" suddenly are worth the cost.

    So to say "nobody wants it" is hyperbole. The more accurate thing would probably say is that "Shows many people don't find it worth the cost". A legitimate argument could be made on that one.

    Pointing at the Teslar or the Fisker and their production numbers wouldn't really disprove that point. Both are not running exactly large production numbers when compared to standard production numbers for traditional cars. Additionally, both are in the $80-100k range to my understanding which in and of itself prices it out of the point where its something that the majority of the public is considering as their car.

  3. #3
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    Re: A tax credit for a product means no one wants to buy it

    Quote Originally Posted by Zyphlin View Post
    So to say "nobody wants it" is hyperbole. The more accurate thing would probably say is that "Shows many people don't find it worth the cost". A legitimate argument could be made on that one.
    Nobody wants it... at that price. That's pretty common.

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    Re: A tax credit for a product means no one wants to buy it

    Rush is always wrong.

  5. #5
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    Re: A tax credit for a product means no one wants to buy it

    Tax credit: not enough demand by some arbitrary standard.
    Sin tax: too much demand by some arbitrary standard.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  6. #6
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    Re: A tax credit for a product means no one wants to buy it

    Quote Originally Posted by The Uncola View Post
    Rush is always wrong.
    Not always, I heard him once say that everyone who has ever eaten carrots eventually dies.


  7. #7
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    Re: A tax credit for a product means no one wants to buy it

    Quote Originally Posted by The Uncola View Post
    Rush is always wrong.
    This is just partisan bigotry.

  8. #8
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    Re: A tax credit for a product means no one wants to buy it

    Quote Originally Posted by Goobieman View Post
    This is just partisan bigotry.
    Rush IS partisan bigotry.


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    Re: A tax credit for a product means no one wants to buy it

    Quote Originally Posted by pbrauer View Post
    Rush IS partisan bigotry.
    Partisan, yes.
    A bigot? You'll have to do something other than just make the claim for that to stick.

    HOWever... claiming that Rush is always wrong simply because you dont agree with him politically?
    That is -clear- partisan bigotry.

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    Re: A tax credit for a product means no one wants to buy it

    Quote Originally Posted by pbrauer View Post
    Rush IS partisan bigotry.
    His picture is next to the words in the dictionary. Shot with with a VERY wide-angle lens, of course.

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