Wednesday, May 20, 2015

Tesla lunacy

Lately I've been hearing a lot of praise for Tesla, the electric car manufacturer. That company has never earned a profit from what they manufacture and sell; they have profited solely because of the government mandates and subsidies. Tesla is owned by a billionaire who excels at getting government funding; i.e., crony capitalism. So we have a billionaire who has figured out how to get middle-class taxpayers to subsidize the purchase of fancy electric cars by the wealthy. And I hear people in their thirties praising this!

Unbelievable.



One of many references:

http://www.forbes.com/sites/taxanalysts/2014/04/07/tesla-taxes-and-free-market-hypocrisy/

Also:

Unless a capacity for thinking is accompanied by a capacity for action, a superior mind exists in torture.

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