If I were an EV manufacturer and found out the government is handing out $7500 gift cards, I would raise the price of an EV by...you guessed it...$7500! It's like when pizza places give out coupons, but raise the prices, so it doesn't really do anything other than catch people's attention.
Fuck that. Remove all taxes, introduce a poll tax. Everyone pays to vote and the winners decide how that money gets distributed. Don't want to contribute? Don't vote. No coercion, no problem.
They forgot the super-cheap but largely impractical entry-level Chinese EVs that rich people get practically free after the subsidy and only use as toys, condo cruisers, etc.
Do you understand how tax credits work? A tax credit means less of that persons money is taken by the government. It doesn't mean that money is taken from another tax payer to give to that person.
@@username65585 Exactly, Username. You're the only other person who understands what tax credit is. All these doofuses think it's a subsidy. It is not! Thanks for trying to set these knuckleheads straight.
@@username65585 as a gen z, it's unfair for older generations to leave all their debt to me. We need austerity. If gen x wants to live like the Swedes, they should pay ridiculous taxes like them, and not expect me to pay for it.
We threw out these in Ontario Canada because the tax credit on EV only could be put onto the high-end ev cars. Hell there was one story of people with the 918 Porsche million dollar hyper car and the mclaren p1 million dollar hyper car actually getting the tax credits. We threw them away asap. They also incentives companies to keep prices high cause they know the government will make the cars cheaper.
Taxation is theft, so tax credits should be considered a good thing for liberty. It's those upper middle class people who aren't paying more, but that doesn't mean that Tom is paying for the credit. It's just the federal government getting less of the wealthier person's income at tax time.
@@garrettlees No! Exactly wrong. A tax credit is like getting an envelope full of cash (except that there is a record of the payment). If you owe $7500 in tax and have paid no estimated tax payments, you will need to send the IRS $7500 . If you bought an electric car and qualified for the $7500 tax credit, the credit would count the same as if you had paid $7500 in estimated tax. Your $7500 tax bill would be paid. That $7500 comes at the expense of all the suckers who paid their own tax bills. It is a subsidy. However; the EV Tax credit is good for only as much as tax you owe.
LMFAO!! This is hilarious and gets the msg across affectively. And this is why that tax incentive has been officially CANCELLED in the US by Trump, and up here in the province of Ontario (our tax incentive prgm is provincial, not fed), our glorious new Conservative Premier, Doug Ford, has axed the prgm. Ontario was subsidizing $14,000!!!! Thing is, avg FAMILY income in Ontario is ONLY $74,000/yr, which is a mesely $37,000/yr per person working. When u consider our min wage is $14/hr, or $29,000/yr, that's nothing. Then consider the avg cost of a Tesla at around $60,000 for the cheapest one. I bought a van for $33,000 and mthly pmts were $600, and that was a lease NOT purchase. So $60K would be $1200/mth!! The ONLY ppl buying these vehicles are RICH/WEALTHY folk! Most ppl pay that amt (or bit higher) for rent for the place they LIVE, not for what they use to get from point A to point B. Even WITH the $14K rebate, at $60K that only drops it $46K, which is still unaffordable. My hubby had an aquaintance friend who bought one bc the other car he wanted was the same price, but no rebate, and being a rich/wealthy douche, he'd rather have the avg pleb who can barely put food on the table for his family, to foot HIS bill. And he even said it had NOTHING to do w/ NOT being able to afford it otherwise, it's that the gov was incentivizing him to buy to the "hottest new toy". We no lngr talk to this douche. Oh, I forgot to mention, this guy's parents are BOTH surgeons! His father is a top-notch brain surgeon!! THAT IS WHO we, the hard-working folk, are subsidizing these ultra-expensive cars for.
If he can't afford a car, he probably isn't paying any tax anyway. It's the people like me that make a middle class income yet can't afford anything newer than a 17 year old car that gets screwed
Okay... this might not be too libertarian of me, but wouldn't be a bit better for Congress to approve percentages to the various departments and let the cabinet members (department heads) work up an actual budget with that. It seems the people running the departments would know better how to divvy up the money. And because Congress is still controlling how much each department gets, it's still in voter's hands (sorta). Then we only need to link it to actual tax revenues and we have a functioning government (haha) with actual budgets. Think that would work? Or am I missing something?
Sounds pretty reasonable to me. There would still be shadiness and corruption no doubt but it seems like it would be toned down quite a bit since it wouldn't be crammed into a bill at the last second.
The prices listed on screen were really far off. M3 is like 40k, model x only gets tax credit if it’s under 80k. Sedans have to be under 60k I think (may be 55k). The maximum price a car can be and still have this tax credit is 80k flat out.
These tax credits for EV are the only time I disagreed with Remy. Yes, Tesla makes cars for upper middle class and above, but giving those people a tax break is not the point. The point is to inspire the car industry to embrace EV tech since tax credits help them sell their cars by undercutting competition. For instance, Chevy bolt and volt became competitive only with the tax breaks in place. Nissan leaf became insanely popular once it became more affordable, long term, than any other small car in the segment. So yes, the tesla buyers did not need the tax break, but reasonably priced vehicles for average joes were bought much more enthusiastically by frugal shoppers that did their math. Weather we like it or not, combustion engines have to follow the steam engines and make an appearance strictly in physics/engineering textbooks and museums. Oh and before someone tries to lecture me on how poorly the green industry is doing at the moment: I am well aware. Just keep in mind that until tech catches up, much of green sector will seem uncompetitive. This is the price of admission for all new adoptions.
Hey I just want to thank you all for the tax credit I'm going to get for my new Tesla. In the tax credit's defense, it is incalculably dwarfed by government spending on the oil industry. Merry Christmas!
A credit of not paying taxes that he shouldn't have to pay in the first place. With a progressive tax John has paid for way more stuff for other people.
May have different solutions but something I feel both the true right and true left agree on.. handout the rich and powerful do not need them for sure!!! For middle class and poor people... even if you disagree with it must admit they an argument for it... for the rich make an argument for it!... you can't because they is not one
Man, who doesn't click on a Remy video as soon as it appears?
John, Connor, Ken, Bobby, Ben, Victor, Von, Lenny and Lon dont't.
@@gcgrabodan you forgot Neil
Those who just discovered one!😋
These parodies are just beautiful
"Neil Todonors (D-NY)"
Magnificent.
reason tv just keeps giving me more reasons to hate taxes
@@pedropradacarciofi2517 we all begin life uneducated... And overtaxed
@@shineperishingrepublic ahahahahahahahhahaha good one.
Thank you dear Remy,
you always make me smile - although you satirize bitter truths,
I wish you a Merry holiday season and a Happy New Year!
If I were an EV manufacturer and found out the government is handing out $7500 gift cards, I would raise the price of an EV by...you guessed it...$7500! It's like when pizza places give out coupons, but raise the prices, so it doesn't really do anything other than catch people's attention.
Then you would lose money, since you would be selling less than an optimal quantity.
You should instead increase pricing by less than 7500, and also increase quantity.
That's exactly why college tuition is so high
A new Remy song?! It’s a Christmas miracle!
Stossel Remy 2020
Every time Remy sings an angel gets his wings.
0:16 Wait... 😳😮
0:28 “That’s like a hundred thousand dollar car”
1:10 “How’d you get in my house 🏠 ?!”
Fun little video. Nicely done 👍🏻
Time to flatten the IRS, (and all these crazy tax credits) with a Flat Tax.
Brilliant! your idea is to replace theft with robbery? Kewl!
@@libertariantranslator1929 Who is a 0% tax rate robbing?
He meant a flat tax of 0%
Fuck that. Remove all taxes, introduce a poll tax. Everyone pays to vote and the winners decide how that money gets distributed. Don't want to contribute? Don't vote.
No coercion, no problem.
Land value tax
🤣🤣🤣Love it Remy!!! Keep them coming!!
They forgot the super-cheap but largely impractical entry-level Chinese EVs that rich people get practically free after the subsidy and only use as toys, condo cruisers, etc.
Remy those same people buying the EVS are paying 40 to 50 dollars to have a vegetarian dinner delivered to their house and drink prebiotic soda
"Guy who is surprised to find he is funding government largesse" is Remy's best character.
Reason has invested in gold...Remy's consistent flow of lyrical gold!
Remy is treasure.
"Neil Todonors" LOL!
I love these videos. They are what got me started watching ReasonTV.
I love you my brother Remy. I hope you and your family have a beautiful Christmas.
But it’s not “taxpayer money” it’s “government money” 😉
To be more accurate it's probably 50% taxpayer money, 30% borrowed, and 20% inflation.
@@AKlover but inflation is free and has zero consequences.
@Trevor Brown he was joking.
@Indirect LC good one
Remy is one of the only things I enjoy about Reason TV
Why should my tax dollars go toward a rich man's electric toy?
Do you understand how tax credits work? A tax credit means less of that persons money is taken by the government. It doesn't mean that money is taken from another tax payer to give to that person.
@@ZboeC5 More theft isn't the answer either.
@@username65585 Exactly, Username. You're the only other person who understands what tax credit is. All these doofuses think it's a subsidy. It is not! Thanks for trying to set these knuckleheads straight.
@@username65585 as a gen z, it's unfair for older generations to leave all their debt to me. We need austerity. If gen x wants to live like the Swedes, they should pay ridiculous taxes like them, and not expect me to pay for it.
@@owlblocksdavid4955 You're not wrong, but your generation is even worse than the previous. Bernie Sanders? Really? Obama was bad enough, sheesh.
🤣🤣🤣 Government is here to HELLp!! 🤦♂️🤦♂️🤷♂️🙏
We threw out these in Ontario Canada because the tax credit on EV only could be put onto the high-end ev cars.
Hell there was one story of people with the 918 Porsche million dollar hyper car and the mclaren p1 million dollar hyper car actually getting the tax credits.
We threw them away asap.
They also incentives companies to keep prices high cause they know the government will make the cars cheaper.
I believe you can love Tesla and agree with this video.
Everything about Tesla is kind of obnoxious though.
Brilliant.
These parodies are seriously hilarious. I'm watching every single one.
Senator Neil Todonors 😂
It’s beginning to look like college debts
Genius!
Excellent.
I was scared he left and went off on his own-glad to see he's still here!
Word.
Neil Todonors might be the best fake congressman name yet...
0:08 - Not sure why a photo from a Tesla dealer in Sydney, Australia is being used.
you make the best videos my guy. 10/10
Taxation is theft, so tax credits should be considered a good thing for liberty. It's those upper middle class people who aren't paying more, but that doesn't mean that Tom is paying for the credit. It's just the federal government getting less of the wealthier person's income at tax time.
Exactly right
@@garrettlees No! Exactly wrong. A tax credit is like getting an envelope full of cash (except that there is a record of the payment). If you owe $7500 in tax and have paid no estimated tax payments, you will need to send the IRS $7500 . If you bought an electric car and qualified for the $7500 tax credit, the credit would count the same as if you had paid $7500 in estimated tax. Your $7500 tax bill would be paid. That $7500 comes at the expense of all the suckers who paid their own tax bills. It is a subsidy. However; the EV Tax credit is good for only as much as tax you owe.
@@wrdjunk Not so. You're simply mistaken.
Incorrect. That tax revenue is being made up elsewhere.
@@zerichonz6541 You can't blame the tax payer for government's unbalanced budget. My money is my own.
more Remy please
LMFAO!! This is hilarious and gets the msg across affectively. And this is why that tax incentive has been officially CANCELLED in the US by Trump, and up here in the province of Ontario (our tax incentive prgm is provincial, not fed), our glorious new Conservative Premier, Doug Ford, has axed the prgm.
Ontario was subsidizing $14,000!!!! Thing is, avg FAMILY income in Ontario is ONLY $74,000/yr, which is a mesely $37,000/yr per person working. When u consider our min wage is $14/hr, or $29,000/yr, that's nothing. Then consider the avg cost of a Tesla at around $60,000 for the cheapest one. I bought a van for $33,000 and mthly pmts were $600, and that was a lease NOT purchase. So $60K would be $1200/mth!! The ONLY ppl buying these vehicles are RICH/WEALTHY folk! Most ppl pay that amt (or bit higher) for rent for the place they LIVE, not for what they use to get from point A to point B. Even WITH the $14K rebate, at $60K that only drops it $46K, which is still unaffordable.
My hubby had an aquaintance friend who bought one bc the other car he wanted was the same price, but no rebate, and being a rich/wealthy douche, he'd rather have the avg pleb who can barely put food on the table for his family, to foot HIS bill. And he even said it had NOTHING to do w/ NOT being able to afford it otherwise, it's that the gov was incentivizing him to buy to the "hottest new toy". We no lngr talk to this douche.
Oh, I forgot to mention, this guy's parents are BOTH surgeons! His father is a top-notch brain surgeon!! THAT IS WHO we, the hard-working folk, are subsidizing these ultra-expensive cars for.
Never ever let Remy go to another Channel
Dude is frickin genius.
Me driving a plug-in hybrid drinking soilent: "this song is quite nice"
Surprisingly accurate.
Remy is the greatest musician of this generation
Soylent Remy!
Now I have to rewatch the Remy's "All I want for Christmas" from a few years ago!
"Tommy pinches pennies, never flushing number one" BWHAHAHAHA, oh man it's funny cause it's TRUE!
But what does Tom do for a living? His lifestyle choices are not the fault of others.
@@starventure yes they are. You're oppressing him
Zerichon Z Oh noes! Please don’t sic the SJWS on me!
love it!
Everyone's drinking soylent. It's so great.
*Steeples fingers*
*deep breath in*
Soiiiiiiiiii....
Perfection.
Taxes are a fine for living in a country.
If he can't afford a car, he probably isn't paying any tax anyway. It's the people like me that make a middle class income yet can't afford anything newer than a 17 year old car that gets screwed
Remy Christmas edition is even better than Festivus!
Facts
Spending cuts > tax cuts.
And Regulation cuts > spending cuts > tax cuts
Wroooooong
Zerichon Z - no u
Dead on!!
Ah, democracy, where two guys vote to take money from a third.
I have that Patagonia. That hurts.
Okay... this might not be too libertarian of me, but wouldn't be a bit better for Congress to approve percentages to the various departments and let the cabinet members (department heads) work up an actual budget with that. It seems the people running the departments would know better how to divvy up the money. And because Congress is still controlling how much each department gets, it's still in voter's hands (sorta).
Then we only need to link it to actual tax revenues and we have a functioning government (haha) with actual budgets.
Think that would work? Or am I missing something?
Sounds pretty reasonable to me. There would still be shadiness and corruption no doubt but it seems like it would be toned down quite a bit since it wouldn't be crammed into a bill at the last second.
This is the greatest thing in the internet
2 years out still waiting on it being renewed.....
It’s beginning to look a lot like yellow vests... everywhere we go...
Great.
Land of sheep and evil - we need to fight and keep up the fight against the darkness that runs the show
Tom isn't the only one eating sausages
Could someone explain the taxation system described here for a non-American?
I'm a huge believer in the future of EV's, but subsidizing them with taxpayers money just aint right.
The prices listed on screen were really far off. M3 is like 40k, model x only gets tax credit if it’s under 80k. Sedans have to be under 60k I think (may be 55k). The maximum price a car can be and still have this tax credit is 80k flat out.
I’m for an EV tax break by not taxing everyone.
Neil Todonors seems like a really likable politician!
can some one explain the tax and gift laws that allow this?
We don't have royalty, but we have this.
Love the vid, but if you would have put the real prices of those vehicles up that would have been better.
The way governments work sometimes makes you think you're the only sane person left on earth
Drinking Soylent wearing AirPods in Tesla factory store. I'm so proud to subsidize this lifestyle!
Hilarious! But also depressing...
Those actually weren't renewed though were they?
This guy is so underrated
I like my eggs over easy, cook um well don't make me queezy
🤣🤣🤣🤣
How did they find 17 different people that look the same?
Not sure if I should laugh or cry
"Everything's renewed again". Inflation Reduction Act. Prophetic.
These tax credits for EV are the only time I disagreed with Remy. Yes, Tesla makes cars for upper middle class and above, but giving those people a tax break is not the point. The point is to inspire the car industry to embrace EV tech since tax credits help them sell their cars by undercutting competition. For instance, Chevy bolt and volt became competitive only with the tax breaks in place. Nissan leaf became insanely popular once it became more affordable, long term, than any other small car in the segment. So yes, the tesla buyers did not need the tax break, but reasonably priced vehicles for average joes were bought much more enthusiastically by frugal shoppers that did their math. Weather we like it or not, combustion engines have to follow the steam engines and make an appearance strictly in physics/engineering textbooks and museums. Oh and before someone tries to lecture me on how poorly the green industry is doing at the moment: I am well aware. Just keep in mind that until tech catches up, much of green sector will seem uncompetitive. This is the price of admission for all new adoptions.
how come remy does not post these on his own channel?
Don't you just love corporatism?
Please, Wizards, can Remy get some helpy delpy help? The taxman is robbing him!
tbf the tax credit has a max of $55K for sedan and $80K for suv
Hey I just want to thank you all for the tax credit I'm going to get for my new Tesla. In the tax credit's defense, it is incalculably dwarfed by government spending on the oil industry. Merry Christmas!
A credit of not paying taxes that he shouldn't have to pay in the first place. With a progressive tax John has paid for way more stuff for other people.
I HATE Corporate Cronyism!
yup
Hopefully you don't get one of the Tesla's that spontaneously combust .
He got AIR🅱ODS
This aged well. It was renewed again. Doubled down on even.
Sen. Neil Todonors
Did they really reapprove it?? I thought it was killed as of Sep 2018!
May have different solutions but something I feel both the true right and true left agree on.. handout the rich and powerful do not need them for sure!!!
For middle class and poor people... even if you disagree with it must admit they an argument for it... for the rich make an argument for it!... you can't because they is not one
Remy 2020!!!! 😎
Lol
😝🤣🤣😂
Great video! And fortunately, with Trump in the White House, it's very doubtful that those $7500 tax credits would be renewed.