Friday, February 27, 2009

Hummer, no returns!

Every good American played the game slug bug as a kid, where if you spotted an old VW bug you would shout "slug bug!" and hit your brothers or sisters in the arm. "Ouch!" they would complain and vengefully hit you back even if there wasn't a slug bug around.

On the other side of the size spectrum are Hummers. They're big, ugly and easy to spot. Since around December, I swear I have seen more H2s and H3s around than before. So I started hitting people out of anger.

With the US economy finally reaching where Detroit has been for the past quarter century, you would expect gas-guzzling hummers to fade away like consumers' income. It's true, new H3 sales were down by nearly 50% from 2007 to 2008. But used Hummer vehicles sales from 2007 to 2008 have increased by 71% according to General Motors. All GM luxury vehicles - Saab, Cadillac, Hummer, etc. - have seen strong year-to-year increases in the certified, pre-used market.

Hummers also get tax breaks for their weight. Vehicles over 6,000 lbs are tax-deductible items for small business owners. Besides a $25,000 write-off for to a basic equipment deduction, and another $25,000 write-off for for a bonus depreciation loophole, all SUVs qualify for bonus depreciation, an added write-off of 30 percent of the purchase price above $25,000. illustrates:

"For example, a business owner purchasing a Hummer H1, with a sticker price of $106,185, would be able to deduct $60,722 in the first year under the revised rules: a $25,000 equipment deduction, $24,356 in bonus depreciation, and $11,366 in regular depreciation."

Combine that with the unusually low, election year gas prices this Winter, and it makes sense that rich, capitalist swine who support dictators, don't believe in global warming, love militarization and human rights abuses and ozone depletion, who support CIA coups, and oil spills, and preemptive war, and the Apocalypse, and human extinction, are out driving their big beasts more often.

1 comment:

Liam said...

Haha we played that in Australia too, but the phrase was Punch Buggy (no returns).