You know, I've been thinking about that Cash for clunkers program a lot lately. I have a sneaking suspicion it might be the primary reason why used cars are so unbelievably expensive. I mean, I was looking at some used cars, and for vehicle with almost 400,000 km on it they were asking the same as what you would expect to have paid for a new car not that long ago.
So it's one of those things where the people who make the decisions to have these programs aren't the ones who pay the consequences of having these programs. I can't even imagine what it would be like to be a young person trying to get there first vehicle. Mine was 500 bucks, which admittedly was a very good deal for the time, but I'm just imagining going five figures in debt to buy something that could be scrap any day...
So it's one of those things where the people who make the decisions to have these programs aren't the ones who pay the consequences of having these programs. I can't even imagine what it would be like to be a young person trying to get there first vehicle. Mine was 500 bucks, which admittedly was a very good deal for the time, but I'm just imagining going five figures in debt to buy something that could be scrap any day...
- replies
- 1
- announces
- 0
- likes
- 1
Yes, unfortunately I think we can all agree that there is a massive amount of State corruption in the US right now, which is one of the reasons why the empire is so badly in decline.
Another way that all of this helps to hurt everyone is by basically forcing the destruction of the accumulated wealth of the nation. You might think that those cars were wasteful because they burned a lot of fuel, or because they were too old, but they were highly complicated devices that already existed that people have the option to use if they wanted to. The cash for clunkers program took cars that were perfectly serviceable and destroyed them. It has resulted in vehicle prices in North America overall being on a completely different level than for example Europe where such a program didn't exist.
Really, it would be better to let the car companies fail and then maybe they would come back with something people actually wanted to buy. On the other hand, as part of that failure maybe they need to start pointing their finger directly at the government for forcing companies make cars that nobody likes.
Another way that all of this helps to hurt everyone is by basically forcing the destruction of the accumulated wealth of the nation. You might think that those cars were wasteful because they burned a lot of fuel, or because they were too old, but they were highly complicated devices that already existed that people have the option to use if they wanted to. The cash for clunkers program took cars that were perfectly serviceable and destroyed them. It has resulted in vehicle prices in North America overall being on a completely different level than for example Europe where such a program didn't exist.
Really, it would be better to let the car companies fail and then maybe they would come back with something people actually wanted to buy. On the other hand, as part of that failure maybe they need to start pointing their finger directly at the government for forcing companies make cars that nobody likes.