Some Food for Thought About the New Inflation Reduction Act
Tucker: IRA legislation, SF Couple with $120K income gets $12K, Ohio couple gets $81
Some food for thought about the new Inflation Reduction Act:
ht tps://www.youtube.com/watch?v=ADxn7wWe9h0
Timemark 11:00
So, a medium income ($120k) couple in San Francisco gets $12,000, while a medium income couple in Ohio, gets just $81.
But only if you can spend thousands of dollars on new Environmental appliances and home upgrades, such as a heat pump clothes dryer (which don't work!)
And then there is the EV money. The buyers gets $7,500 from the Government for an EV, and the makers of the EVs, citing the benefit, just raised the price of their EVs by $6K to $8.5K.
So, tax money is taken from you, and then given back, if you buy an EV, which is charged from you by the car company. IAW, it is taking money from you, and giving it to the electric car company.
Time Mark 12:22
To the tune of 20 Billion in new taxes on the middle class. And since the middle class is struggling just to put food on the table, they can't afford any of the new Enviro-Toys, so the benifits actually just go from the middle class paying taxes, to the riche buying the Enviro-Toys.
So, the Inflation Reduction Act, is actually a means of taking billions more from the middle class, and handing it to the Wealthy Elites!
Elites who will then snidely condemn you for not upgrading to "Save the Environment", like they just did.
And these new Enviro-Toys, like the EVs, are likely to prove to not help the environment at all, but rather create a huge new amount resource consumption and lithium battery toxic wastes.
Take the tax credits for conversion to an Electric Stove, instead of a Natural Gas stove... to save the environment. Example person's current Gas Stove is working fine, and could continue to work for another 10-20 years.
The yearly consumption of natural gas fuel, to operate the stove, in terms of Joules of Energy, is less than 1/20th of the energy required to manufacture the new electric stove. And the Electric Stove still needs electric power to operate.
So, Upgrade to "Save the Planet", consumes a bunch of raw materials (Metals, Paint, Plastic), and increases the overall energy used by 12X+, compared to just continue to use the current gas stove, until the end of its life-span.
IAW, the Electric Stove has a huge negative impact on the Environment/Energy-Use as well as a whopper of needless material resource consumption.
And the new stove upgrade for the upper middle class home, is paid for by taxes on the middle and lower class households. People who might need a new stove, but get nothing.
Are you surprised?