- A transfer from tax payers generally to favored interests, in this case auto manufacturers and dealers.
- Populist handouts of other people's money.
- Sweeping costs under the rug, both
- Monetary costs, so that people notice the check they get from the dealer but fail to notice the bill they (or their children) will get in the future, and
- Environmental costs, because people fail to notice pollution for Midwestern assembly lines but notice pollution from the tailpipe in the car in front of them
- Simplistic modeling of the costs and benefits, such that things like the actual mileage that the to-be-scrapped car will travel is ignored, an improvement in fuel efficiency from 4.0mpg is declared to be as advantageous as a bump of 9.9mpg, not to mention ignoring the costs of building the new car.
- We've known you can't get wealthier, in the aggregate, by destroying things since 1850. What's the point of learning, of making new arguments, of proving points, of intellectual progress, if people keep on making the same knucklehead errors generation after generation?
31 July 2009
It's times like these that I think Democracy is a very dark joke.
The more I think about it, the more this car scrapping nonsense gets under my skin. It's got at least six different features that crop up in all sorts of stupid schemes, all rolled into one.
Posted at 1:00 PM