4 ms·

I don't know, what is the estimated monetary cost of destroying whole eco systems and the earth to boot? Whats the opportunity cost in fighting wars over oil in

I don't know, what is the estimated monetary cost of destroying whole eco systems and the earth to boot? Whats the opportunity cost in fighting wars over oil instead of developing regenerative energy sources? What did it cost society to use leaded gas? Lead is one of the most neurotoxic substances on the planet, and an ever so slightly increased concentration in the blood can seriously hamper intellectual development. What price tag can we put on costing someone 10 IQ points? The answer to all these questions, of course, is that it's impossible to correctly account for these things in the market without causing unfathomable transaction costs. This is after all the definition of a negative externality. But I can tell you as much, $7500 is a freaking bargain.

sp332 13y ago
If everyone who can afford to, buys an electric car next year, they will pay part of the $7,500 tax credit back in their regular taxes, making it less effective. Also, the people with lower incomes will have to make up the difference with their taxes (assuming the Fed doesn't just print more money, making us all poorer via inflation). It would make more sense to fund efficiency improvements for people who otherwise can't afford them, than to pay rich people to buy efficient cars.
- deleted 13y ago
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duncan_bayne 13y ago
> But I can tell you as much, $7500 is a freaking bargain. Proof please. Show your working.