Hang with me as I run this idea down.
The average price for a new car made in the US is just under $24,000.
Last year, the US consumer bought 7,105,162 new cars.
Some math follows:
$24,000 times 7,105,162 equal $168 billion dollars.
The tax cuts from the Republican Party will add $1.5 trillion dollars to the national debt.
My conclusion:
If, for the next 9 years, the federal government would buy the entire annual production run off every car made in America and dumped the cars into the ocean instead of cutting corporate taxes; the middle class would be better off.
At least those making cars, car parts, and selling hot lunches to factory workers.
And, CEO's would still get to drive the Mercedes or BMW of their choice.
Do you have a better understanding of the waste?
For further consideration:
Can a retired widow benefit from an income tax cut?
How many cars are really 100% made in America, with all American parts, American steel, and America rubber ...?
How many new cars are bought or sold in the USA each year?
Showing posts with label macroeconomics. Show all posts
Showing posts with label macroeconomics. Show all posts
Thursday, December 21, 2017
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