GM trots out 'Vette with 620 horses

GM trots out 'Vette with 620 horses http://money.cnn.com/galleries/2007/autos/0712/gallery.corvette_zr1//index.html

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Jim Higgins wrote:

This car is just sick. I like it so much, but it's just not practical at all to drive. And who has open roads to drive this car wide open anyhow?
--
Steve
www.gmtruckclub.com
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Practicality is meaningless if you have the money and your ego needs this sort of thing. It is in the satisfaction of possessing it. Same with art, paying huge bucks for world series baseballs, $100 million dollar yachts. There is no rational justification for them, just that people want them.
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We apparently do not tax the obcenely wealthy enough in this country.

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What a ridiculous comment. We should tax people because they are successful enough to afford an expensive car? Tell that to the GM workers that make them. Repressive taxes do not work, unless your aim is to have a negative effect on people that work for a living.
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Why should we? This comment usually comes from those that are jealous or envious. When a rich person buys a multi-million dollar yacht, many people benefit. The machinist that makes the prop, the foundryman that made the engine block casting, the seamstress making the curtains, the machine operator that made the wires for the controls, and so on.
Now, I'll admit that heating and cooling a 40,000 sq. ft. house is silly, but masons, carpenters, tilemen and others helped to feed their families as a result. Is that a bad thing?
BTW, there is a difference between rich and wealthy, but both help the economy in different ways.
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One only has to go back 16-17 years for this lesson on taxing the "obcenely wealthy in this country.'
President George Bush, Sr., under pressure from Congress to raise taxes in order to increase reveunes, fell for the old "tax the rich" scheme.
He decided to implement a "luxury tax" on purchases of yachts.
Wealthy people, who did not become that way by being foolish, decided to either : not buy one, hang on to the one they already had, or purchase one overseas.
As a result, there was massive lay-offs in the yachting industry, not only costing thousands of people their jobs, but the government lost a lot of tax revenues by these lost jobs.
Over-taxing the wealthy almost always causes a loss in tax revenue for the government, not an increase.

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Just remember......
There was "full employment" on the Cotton Plantation too.
<rj>
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That's because "MONEY" has no allegience, or patriotism.
( those are words they use when poor folks make the sacrifice )
<rj>
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what sacrifice are you referring to in regards to taxes paid by the poor?
Most "poor" people pay little, if any, federal taxes.
Thats fine. Hopefully, it helps them somewhat.
Taking more money from people in the form of increased taxes rarely helps the ones who dont pay taxes.
The money is usually wasted by the government.
Government hand-outs has been a proven failure for what, 60-70 years?
Taxing people to the point that they cannot afford the Corvette will only result in:
Lay-offs in Bowling Green, Ky.
A good portion of these people will then have to rely on the government for assistance.
LESS revenues for the government due to fewer tax paying workers.
More welfare aid to people not working, which somehow always seems to wind up in the hands of drug dealers.
Happens all the time.

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If gasoline really goes to $4-5 per gallon in a couple of months, that will tax us all. The few people who will buy such a car as this Vette will probably not lose as much sleep about it, however, as the people who are working their asses off for $6 per hour.
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GMC Truck Club wrote: and who has roads to drive this car wide open.
uh......Illinois 294 north to Wisconsin!
harryface
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The USA needs a good Autobahn!
Ken
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