[maggief]

"socialists need wealth to be destroyed. prosperity for anyone but the elite is bad for socialism"

That is how I viewed the C4C program. They taxed the destruction to boot. A socialist's twofer.

[JrsyJack]

"socialists need wealth to be destroyed. prosperity for anyone but the elite is bad for socialism"

But notice the gallon of "Engine Seize" in the photo. American entrepeneurism cannot be destroyed nor contained. One man's loss is indeed another's gain.

[Gabrial]

“socialists need wealth to be destroyed. prosperity for anyone but the elite is bad for socialism”

“That is how I viewed the C4C program. They taxed the destruction to boot. A socialist's twofer.”

Bingo! Do the math!

500,000 cars destroyed. Say average value was $2,000.

That is $1,000,000,000 of wealth destroyed.

To pay to have the cars destroyed, the government borrows 500,000 x $4,500 = 2,250,000,000

To buy the news cars individuals borrow 500,000 x $20,000 = 10,000,000,000

So, we have destroyed $1 Billion worth of assets and taken on $12.5 Billion of new debt. That is before the environmental disaster of disposing of 500,000 destroyed automobiles. The Obama administration is pointing to the program as a raging success.

Idiots.