German drivers have latched onto a juicy new deal. Under a scheme started in January, car owners who trade in a vehicle more than nine years old for a new, greener model can expect $3,172 from the German government as well as a break from paying road tax for at least a year. Similar “scrapping schemes” have been launched in recent months in France, Italy and Spain. Now motor manufacturers in Britain are pleading with its government to follow suit. ” – Time Magazine
Perhaps they are unfamiliar with Frédéric Bastiat’s Broken Window Fallacy.