badaxemoo said:
Steve said:
then what happens to the extra $1700 per household?
so either it is a TAX or it is a corporate welfare scheme..
with 105,500,000 households.. a $17,935,000,000 check has got to go somewhere..
if the government is not getting it.. then it will go to big business..
What happened to the extra costs that were associated with banning lead paint?
Lead paint was better paint without lead.
Industry had to figure out what to do, and for a time I'm sure people had to incur higher costs involved with painting with the new products.
The market fixed the problem.
Now, granted, this is on a totally different scale, but so are the possible costs of doing nothing.
I am not sure how much "lead paint" has cost US, but a quick look shows many examples of $1000 and $1500 tax credits.. in the seventies and eighties..
so if you take the 10,5000,000 households and times it just by half the tax credit or $500.. then it shows that $52,750,000,000 went from the taxpayers to business... not to mention the cost of compliance and all the local state federal plans and inspectors that are paid for in taxpayer dollars..
so in reality.. paint manufacturers, that made the paint received a huge bail out.. at our expense..
every government program has a cost and someone gets the benefit of the additional cost.. while I would say we should have banned lead paint.. at $52,750,000,000 it seems a little pricey... and that is slicing the tax credit in half at least....
so the reality is .. we bore the higher cost.. and subsidized industry.. so the market did not bear the burden of it's bad product...