Tesla owes its survival to subsidies from taxpayers, who are usually less well-heeled than its plutocratic customers; this Silicon Valley start-up has gotten $4.9 billion in state and federal support over the past decade…
Sorry folks, but I don’t know of any business that could miss making a big splash – just like Mr. Musk has – with $4.9 billion in taxpayer handouts.
If renewable energy, EV/hybrids, and other so-called green options are so competitive and so desired by consumers, they should be able to produce products that compete without receiving just south of half a billion in handouts each year.
Of course the article goes on to note that Mr. Musk’s payout is just scratching the surface as U.S., government subsidies to the EV market will be “$7.5 billion through 2019.”
This is not capitalism and the free market. This is crony-capitalism, corporate welfare, and direct handouts to preferred companies and technologies. The renewable, EV/hybrid world needs to put on its big-boy pants and quit sucking off the government (taxpayer) tit.
Stop robbing the middle class and poor to pay for green play toys for the rich.