Cash for Clunkers Program Screws the Poor
John Moore | August 2, 2009
The Ogovernment’s cash for clunkers program hurts the poor. How?
The poor often buy clunkers for their transportation. These vehicles are traded in for newer cars by the non-poor.
But the cash for clunkers program requires that the clunkers be destroyed, reducing the supply (and thus increasing the price) of older used cars.
Get it? It’s- a government [...]