nosansa

joined 11 months ago
[โ€“] [email protected] 3 points 8 months ago* (last edited 8 months ago) (1 children)
[โ€“] [email protected] 3 points 8 months ago (1 children)

Most of the Cash allocated for Cash for Clunkers went to people that were going to buy a new car anyway.

RCR Stories did an interesting story on this topic:

https://youtu.be/HZAhq375Wmw

Multiple academic researchers studying the results of the regulation found the stimulus to be extremely minimal at best, at a high cost.

https://en.m.wikipedia.org/wiki/Car_Allowance_Rebate_System

In the end, it's yet another example of taxes used to enrich those at the top.