Mark Sloan + 9 MS February 20, 2023 The U.S. has overtaken Germany to become the world’s second-largest electric vehicle market. 2022 electric vehicle sales in the United States totaled 978,488, with Tesla sales accounting for more than half of all EVs sold. Generous tax credits are expected to push U.S. electric vehicle sales to 1.6 million in 2023. https://oilprice.com/Energy/Energy-General/US-Electric-Vehicle-Sales-Poised-For-A-Breakout-Year.html Quote Share this post Link to post Share on other sites
Ron Wagner + 706 February 8 Who pays for tax credits? All the people who don't want EVs or can't afford them. In other words their money is stolen for the good of others. That is a form of socialism. 1 Quote Share this post Link to post Share on other sites
TailingsPond + 1,006 GE February 8 3 hours ago, Ron Wagner said: Who pays for tax credits? All the people who don't want EVs or can't afford them. In other words their money is stolen for the good of others. That is a form of socialism. The people who can afford nice EV's generally pay much more taxes. Their taxes are used to subsidize the poor for everything else (social security). You would have to be really slow to think that the people buying a new Teslas are paying less income tax than poor people. Socialism isn't a dirty word, it helps the needy. A world with no socialism would be a very cruel place, thankfully essentially all developed nations, yes including the USA, have social programs. https://en.wikipedia.org/wiki/Social_Security_(United_States) "The larger and better known programs under the Social Security Act are: Federal Old-Age (Retirement), Survivors, and Disability Insurance, OASDI Temporary Assistance for Needy Families, TANF Health Insurance for Aged and Disabled, Medicare Grants to States for Medical Assistance Programs for low income citizens, Medicaid State Children's Health Insurance Program for low income citizens, SCHIP Supplemental Security Income, SSI" Quote Share this post Link to post Share on other sites
notsonice + 1,255 DM February 9 (edited) 8 hours ago, Ron Wagner said: Who pays for tax credits? All the people who don't want EVs or can't afford them. In other words their money is stolen for the good of others. That is a form of socialism. the tax credits are only available to offset taxes owed...you do not get a refund check for excess tax credits on EVs . Nor can you carryover any excess tax credit. No different than a tax cut or a deduction ....No one pays for them just less tax money collected.... No different than Tax Credit Rent Controlled housing built for the elderly/low income except those Tax Credits can be sold to anyone (including corporations) who then can use the tax credits to offset their tax liabilities . The government does not hand over any money for Tax Credit Subsidized housing ......yet the builder gets credits and the elderly get below market rate rents ....... Low Income Units built per year with Tax Credits.... 50,000-60000 nationwide a fair chunk of the market This is how Apartment builders survive.....Tax Credits and the poor are housed..instead of being homeless and you pay nothing out of your pocket in taxes for the subsidies Would you also say.......In other words their money is stolen for the good of others. That is a form of socialism. ???????? Edited February 9 by notsonice 2 1 Quote Share this post Link to post Share on other sites
Ron Wagner + 706 February 9 17 hours ago, notsonice said: the tax credits are only available to offset taxes owed...you do not get a refund check for excess tax credits on EVs . Nor can you carryover any excess tax credit. No different than a tax cut or a deduction ....No one pays for them just less tax money collected.... No different than Tax Credit Rent Controlled housing built for the elderly/low income except those Tax Credits can be sold to anyone (including corporations) who then can use the tax credits to offset their tax liabilities . The government does not hand over any money for Tax Credit Subsidized housing ......yet the builder gets credits and the elderly get below market rate rents ....... Low Income Units built per year with Tax Credits.... 50,000-60000 nationwide a fair chunk of the market This is how Apartment builders survive.....Tax Credits and the poor are housed..instead of being homeless and you pay nothing out of your pocket in taxes for the subsidies Would you also say.......In other words their money is stolen for the good of others. That is a form of socialism. ???????? Who pays for tax credits? All the people who don't want EVs or can't afford them. In other words their money is stolen for the good of others. That is a form of socialism. Somebody has to pay the taxes, if one doesn't someone else has to make up the difference. America has to pay off 33 trillion in debt! 1 Quote Share this post Link to post Share on other sites
TailingsPond + 1,006 GE February 9 27 minutes ago, Ron Wagner said: Who pays for tax credits? All the people who don't want EVs or can't afford them. In other words their money is stolen for the good of others. That is a form of socialism. Somebody has to pay the taxes, if one doesn't someone else has to make up the difference. America has to pay off 33 trillion in debt! Answered. If you have me on ignore it just proves your dedication to being wrong. Head in sand. Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,554 February 9 1 hour ago, Ron Wagner said: Who pays for tax credits? All the people who don't want EVs or can't afford them. In other words their money is stolen for the good of others. That is a form of socialism. Somebody has to pay the taxes, if one doesn't someone else has to make up the difference. America has to pay off 33 trillion in debt! Good reminder...if you have not noticed the Dramatic changes occurring in the US landscape for the last yr...well so be it. Progressive/Socialism is dying a slow but devastating death...And now it appears this tide has smitten the White House....Tik Tok Tok... 1 1 Quote Share this post Link to post Share on other sites
TailingsPond + 1,006 GE February 9 16 minutes ago, Eyes Wide Open said: Good reminder...if you have not noticed the Dramatic changes occurring in the US landscape for the last yr...well so be it. Progressive/Socialism is dying a slow but devastating death...And now it appears this tide has smitten the White House....Tik Tok Tok... They are currently expanding social security. Occasionally look at reality. https://www.incometaxgujarat.org/us-social-security-expansion-act-2024/ https://www.congress.gov/bill/118th-congress/senate-bill/393 "This bill increases benefits and certain taxes related to the Social Security program." Quote Share this post Link to post Share on other sites
notsonice + 1,255 DM February 10 (edited) 4 hours ago, Ron Wagner said: Who pays for tax credits? All the people who don't want EVs or can't afford them. In other words their money is stolen for the good of others. That is a form of socialism. Somebody has to pay the taxes, if one doesn't someone else has to make up the difference. America has to pay off 33 trillion in debt! really you think that ## trillion in debt needs to be paid off??? Our US debt is the worlds currency Specifically US treasuries are Printed money held by nations and people everywhere and the last 7 Trillion???? monetized by the Fed...printed cash ...the fed collects interest from the US Treasury on these treasuries and the interest/profit the Fed makes goes to ....well you know to the US treasury dept.......and those treasuries that fed Bought well they printed (digital ) money sent it to the Fed and it went into the economies of the world and your bank account...real dollars.....The Dollar is the worlds currency and the debt is the actual money that makes up the world currency. Pull the Treasuries back out of circulation (pay down the debt) and you drain the world of currency The monetization started under Trump and Biden has followed along. The Fed should monetize more of the outstanding debt..... and the kicker...does the US Treasury need to pay back the Fed??? for what purpose???? so the books look better????? The monetized debt is not held by the public...the public holds the created Digital dollars.........that bear no interest... These digital dollars displace other currencies....IE the Ruble.......Russians want dollars not rubles...... What Is Debt Monetization? Monetization is the permanent increase in the monetary base to fund the government. Monetization occurs when central banks buy interest-bearing debt with non-interest-bearing money as a permanent exchange of debt for cash.Sep 13, 2023 How Central Banks Monetize Government Debt - TheStreet The Monetization of Fiscal Deficits: What is it Exactly? Biagio Bossone In many countries, governments are responding to the economic consequences of the Covid19 pandemic with exceptionally large... . Apr 30, 2020 Edited February 10 by notsonice 1 Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,554 February 10 2 hours ago, TailingsPond said: They are currently expanding social security. Occasionally look at reality. https://www.incometaxgujarat.org/us-social-security-expansion-act-2024/ https://www.congress.gov/bill/118th-congress/senate-bill/393 "This bill increases benefits and certain taxes related to the Social Security program." You might very well find the esteemed Bernie Sanders in steel bracelets quite soon...Sanders sponsoring a bill...LMAO Senator Bernard Sanders (1941 - )In Congress 1991 - Present | Get alerts MEMBER Hide Overview Courtesy U.S. Senate Historical Office Read biography Website https://www.sanders.senate.gov/ Contact 332 Dirksen Senate Office Building Washington, DC 20510 (202) 224-5141Contact Party Independent Senate Vermont 110th-118th (2007-Present) House Vermont, District At Large 102nd-109th 1 1 Quote Share this post Link to post Share on other sites
TailingsPond + 1,006 GE February 10 3 minutes ago, Eyes Wide Open said: You might very well find the esteemed Bernie Sanders in steel bracelets quite soon...Sanders sponsoring a bill...LMAO Now you think Bernie is a criminal? Good grief. You do understand who is the party in power correct? Quote Share this post Link to post Share on other sites
Ron Wagner + 706 February 10 Your theory ends up in growing inflation and or stagflation eventually. Then to massive inflation and a failed economy and government. Our current economic course plus paying to support many of the nine million illegal immigrants we just let in makes our situation much worse. There is no easy way out of this nightmare. It will not affect my wife and I much, but our children and grandchildren will live in a very different economy . That is just my opinion and I am no economist. I just know what has happened to other countries when they overreach. Current examples are Russia, China, Argentina, Venezuela, Columbia, etc. Quote Share this post Link to post Share on other sites
notsonice + 1,255 DM February 10 (edited) 2 hours ago, Ron Wagner said: Your theory ends up in growing inflation and or stagflation eventually. Then to massive inflation and a failed economy and government. Our current economic course plus paying to support many of the nine million illegal immigrants we just let in makes our situation much worse. There is no easy way out of this nightmare. It will not affect my wife and I much, but our children and grandchildren will live in a very different economy . That is just my opinion and I am no economist. I just know what has happened to other countries when they overreach. Current examples are Russia, China, Argentina, Venezuela, Columbia, etc. babblng again?????? Your boss stopped the Border Contol legislation in the Senate...how does it feel to own the border crisis now??????? and you babble........ in growing inflation and or stagflation eventually. Then to massive inflation and a failed economy and government boy you do love to babble....... PS your boss, Trump added 7.8 Trillion dollars to the debt and you voted for him in 2020??? so you supported him by voting for him again in 2020 after he ran up 7.8 Billion dollars in debt and now you are against what he was doing??? and the result right after he ran up the debt was massive inflation in 2021 and 2022 ...You should thank Sleepy Joe all you can as he has brought inflation down to less than 3 percent...... overall you seem to be a very confused person...then again Old senile men like Trump and his supporters are always confused U.S. debt: Did it increase during Donald Trump's presidency? Wisconsin Watch https://wisconsinwatch.org › Archives Jul 21, 2023 — The national debt increased by $7.8 trillion during Donald Trump's presidency. As of July 14, 2023, the debt rose to $32542410783067. Missing: record | Show results with: record Edited February 10 by notsonice Quote Share this post Link to post Share on other sites
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