The Chevy Volt is a failure, and it’s the most expensive vehicular failure ever- thanks to government subsidies based on wishful thinking. Convinced that they know better than the markets, government agents determined to funnel our money, taxpayers hard-earned dollars, to support this product. That means each single Volt actually costs around a quarter of a million dollars.
The same sorts of people who think it’s great that the government subsidized Volt (it got more government subsidies than cars in East Germany) talk a lot about why you should not be saving your own hard-earned dollars by buying the cheaper products at Walmart or the grocery store because of ‘hidden costs.’ You should instead shop at more expensive stores because you don’t know the ‘hidden’ costs of the less expensive items in terms of cost to the environment, human costs. Those hidden costs include collapse of local economies (revealing an ignorance of history), increased pollution via excessive production and transportation costs, and so forth.The quarter of a million dollars in government (that is, taxpayer) funding to the Volt is far more loaded with unpleasant hidden costs.
There is a limited amount of money in circulation. I honestly think most of my younger leftist friends genuinely do not understand that. They think the government can just print up whatever paper money it needs, lacking the basic economic knowledge that would allow them to recognize that thus inflation if the fiat money supply actually reduces consumer spending power by making your paper dollars worth less. It’s a recipe for economic collapse.
Government has no wealth at all that it did not take from you or me. This private wealth is our personal money that we would have spent elsewhere. So by taking your money and mine and spending it on its pet projects, like the Volt, the government is not just depriving you and me, but also depriving the businesses and charities where we would have spent our money had we been permitted to keep it.
Here’s a small scale example of the unseen consequences: a few years aback a person expressing need came to our church. Three of us contributed money for new winter boots. Another young couple with little financial elasticity bought her a carseat. As it turned out, she was one of those people who make the rounds of churches asking for things. She’d been given a carseat before. She had no need of the second- she was hoping her sob story would open up wallets.
One way to look at it is to remind everybody that it’s all the Lord’s money and at least everybody’s hearts were in the right place, and it doesn’t matter if somebody was a scam artist or not, all we are supposed to do is give (never mind the verse that says if a man won’t work don’t let him eat, or the many, many verses condemning deceit). That’s one way to look at it, but it’s a cock-eyed and patched way to look at the situation.
Realistically, the money spent on helping that person is money that, once spent, could not be spent any other way that month, because it was gone. If you spend X over there, you can’t spend X elsewhere. YOu can spend another, different batch of X, but you cannot respend the one you handed over to Volt makers or carseats or eggs. It’s not magic, but people act like it is. The hundred dollars for the car seat could have gone to somebody with a genuine need who now won’t be helped because there was already a great sacrifice made by that family to get the money for the carseat. They didn’t have another hundred dollars to give. I can speak for them, but I know if it had been me and I had to turn down a subsequent request for help, I’d be rather heartsick that I couldn’t help somebody who really needed it because I’d been scammed by somebody who didn’t.
The money the government took from me to shore up a failing consumer product,the Chevy Volt, is money they took out of taxpayer pockets. If we had been permitted to keep our own money, rather than forced to hand it over at the point of a government gun, we could have done other things with it that now we can’t. We could have spent that money at a small local business, shoring up a local business owner. It’s money we could have given to the local homeless shelter, or to the crisis pregnancy center, or used to buy a coat for a child in need, or presents for Angel Tree children with parents in jail, or we could have been selfish and ordered piza- thus contribuing to the wages of the pizza owner and employees. It’s money that could have been used by thousands of consumers to support projects and ideas on the open market that consumers actually wanted, rather than the failed Volt.
Wind Turbines- are a similar educational tale. Many people get excited when they see wind turbines going up in their area, thinking this will help us wean ourselves from oil dependency. But most wind turbines are nothing more than a hat trick really, when it comes to weaning us from oil.
Minnesotans for Global Warming reported that in the last 30 years, the United States has had 14,000 wind turbines abandoned. Apparently, once the subsidies and the wind run out, these 20-story high Cuisinarts are de-bladed and retired. This means more bats and migratory birds will live, but it also means that the only reason those giant bird choppers were built is because the government artificially changed the market- temporarily, making bird blenders temporarily cost effective. But without being propped up by government funds, they aren’t that effective. .
From Minnesotans for Global Warming: “The symbol of Green renewable energy, our savior from the non existent problem of Global Warming, abandoned wind farms are starting to litter the planet as globally governments cut the subsidies taxes that consumers pay for the privilege of having a very expensive power source that does not work every day for various reasons like it’s too cold or the wind speed is too high.”
There really is just no such thing as truly ‘sustainable’ energy, except the kind the greenies hate.