Not Ranked
The legislation, which still must be passed by the Senate, faces hurdles, including questions about where to find the money for the one-year, $4 billion program. Some lawmakers have suggested the money could come from the economic- stimulus package passed earlier this year.
Just think of the rammifications.
First, imagine all the collectible cars that would normally be restored that will be destroyed. I know personally that Jeep fans are totally against this.
Second, imagine what all this scrapped material (rubber, plastic, metal) will do to scrap prices for recyclers....it will depress prices, reduce profits and drive some out of business.
Third, before these cars can be recycled, the fluids must be drained from them....who is going to do that and what will it cost? If you REALLY want to recycle them, the plastics, glass, and different alloys of metal must be segregated....who is going to do that?
So, all of a sudden, every running, $500, sub-19 MPG piece of crap (e.g. my neighbor’s rusted-out, worn-out ‘84 Chevy pickup) is worth $3500-$4500, and us present and future taxpayers are stuck with yet another bill.
Whatta country.
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