Slightly tangential, but a good eye opener for me was the Cash for Clunkers program...
To perform an average rebate of $4000 per car, cost the taxpayers and industry $24,000 per car.
Anything the government gets into, with some notable exceptions (e.g., highway construction in the 60s), ends up with little net gains and usually a 5x overrun in costs.
To perform an average rebate of $4000 per car, cost the taxpayers and industry $24,000 per car.
Anything the government gets into, with some notable exceptions (e.g., highway construction in the 60s), ends up with little net gains and usually a 5x overrun in costs.