spinningmagnets
100 TW
Why so much hate for the rich? Aren't wealthy early adopters why we have Tesla? and soon they will be producing a less expensive 4-door? If "the rich" can buy as many rationed fuel credits as they want, and pay as much road tolls as they want...who really cares? If a rich Ferrari owner pays top dollar for a fuel ration credit from an E-biker so he can buy a lithium battery pack to replace his SLAs...isn't that a "win-win" situation?
Recently New York City was getting less tax income because the economy was down. They decided to raise the taxes on those "evil rich" so they will pay their "fair share". Some of them moved to Florida, so in the end NYC got even less tax income. If the fed raises tax on the filthy rich (so moving to another state won't change their tax status) many will move to the Caribbean (such as Belize, Costa Rica, and the British VI).
Matt sold an over-the-top e-bike for $6,000, should it have had a 10% Value Added Tax (VAT)?,then use that money for Bafang subsidies to poor E-bikers? What if that situation led to Matt selling fewer upscale ebikes, and some of the subsidized Bafangs showed up on EBAY?
When Edward Kennedy rammed through a 10% luxury tax on boats over $100K, the "evil rich" began buying boats in Majorca Spain and having them stored there too. The boats are tied up to the mansion during the sailing season, and half the year, Europeans sail them to Europe to store, repair, and maintain them. Half the small shipyards up the US Atlantic coast closed down, and many blue-collar families who repaired and maintained rich peoples boats permanently lost their careers.
Be careful what you wish for...the law of un-intended consequences is a bitch.
Recently New York City was getting less tax income because the economy was down. They decided to raise the taxes on those "evil rich" so they will pay their "fair share". Some of them moved to Florida, so in the end NYC got even less tax income. If the fed raises tax on the filthy rich (so moving to another state won't change their tax status) many will move to the Caribbean (such as Belize, Costa Rica, and the British VI).
Matt sold an over-the-top e-bike for $6,000, should it have had a 10% Value Added Tax (VAT)?,then use that money for Bafang subsidies to poor E-bikers? What if that situation led to Matt selling fewer upscale ebikes, and some of the subsidized Bafangs showed up on EBAY?
When Edward Kennedy rammed through a 10% luxury tax on boats over $100K, the "evil rich" began buying boats in Majorca Spain and having them stored there too. The boats are tied up to the mansion during the sailing season, and half the year, Europeans sail them to Europe to store, repair, and maintain them. Half the small shipyards up the US Atlantic coast closed down, and many blue-collar families who repaired and maintained rich peoples boats permanently lost their careers.
Be careful what you wish for...the law of un-intended consequences is a bitch.