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Any change's effect is relative. If new cars become more expensive because of regulation then used cars become slightly more expensive because the market as a w
by KingMachiavelli 4y ago
Any change's effect is relative. If new cars become more expensive because of regulation then used cars become slightly more expensive because the market as a whole shifts. So the poor end up driving just as unsafe a vehicle but pay a bit more.
Of course the poor, like everyone else, in theory benefits from the positive externality of other people having backup cameras and other safety features.