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You could do other things to make expensive cars unattractive. For example, you could make them much more expensive by imposing a sin tax on them. For example,
by asdfasgasdgasdg 7y ago
You could do other things to make expensive cars unattractive. For example, you could make them much more expensive by imposing a sin tax on them. For example, you could impose a 100% tax on every dollar spent on a car purchase above $24k. I'm not saying this is a good idea, but it's one way you could attack this problem without making lending illegal in general.
- HeyLaughingBoy 7y agoYour entire premise is based on considering this a problem. Why do you think how other adults choose to spend their money should be a problem that needs correcting?
- asdfasgasdgasdg 7y agoEveryone has something they think other people should be prevented from wasting money on. The difference is where we draw the line. Fwiw I'm not saying I think this is a big enough problem that it should be addressed with such severely punitive taxes. I'm only saying that there are other policy tools besides banning loans if you think something should be changed.
- HeyLaughingBoy 7y agoEveryone? No, no, they really don't! I honestly don't care what people spend their money on. I may think it's a bad idea, or it's even stupid, but I'm far from arrogant enough to think that I should in some way, work to "protect them from themselves."
- asdfasgasdgasdg 7y agoI'm skeptical that there is no thing you would prefer the government to regulate the purchase of for the benefit of the buyers. But if that is actually true, feel free to substitute in "almost everyone."