Because Castro

The new “opening” of the Cuban automotive market, you should not be surprised to hear, is not much of an opening at all:

Previously, Cubans were first required to request permission from the monopoly, in order to then try to purchase a vehicle from the monopoly.

Now, they can just try to purchase a vehicle from the monopoly without first requesting permission from the monopoly.

Oh, and there are additional charges involved: a 20-percent tariff (imports, you know), plus 10 percent tax, plus 8 percent surcharge. The result is a price list that looks like this:

Oh, and those prices are quoted in convertible Cuban pesos, which are officially worth US$1. So the Peugeot 4008, a small (think Honda CR-V) front-drive SUV, will cost nearly a quarter of a million dollars.

This is such a pathetic scheme, with such amazing potential for government graft, that I can’t believe some lunatic American legislator hasn’t already proposed something similar to inflict on the States.

(Via Fausta’s blog.)







4 comments

  1. McGehee »

    6 January 2014 · 11:29 am

    They have — but not for automobiles. Health insurance.

  2. Fausta »

    6 January 2014 · 1:38 pm

    What McGehee said!

  3. Mark Alger »

    6 January 2014 · 2:07 pm

    Wuzgonna say, “But they have FREE HEALTH CARE!”

    (I know, I know: “Shut Up Moore!”)

    M

  4. Cuba: The new car | Fausta's Blog »

    6 January 2014 · 9:11 pm

    [...] Linked to by Dustbury. [...]

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