What Is Wrong With Allowing People To Purchase Cadillacs
On page 88, Wheelen states, “Sometimes there is nothing wrong with allowing people to drive Toyota Corollas”. I think Wheelen is saying that in an economy not everyone will be able to afford the most luxurious goods. I agree with what Wheelen suggests. I don’t think it’s fair that as a society we should force everyone to purchase a Cadillac. By creating said law we would be punishing those who aren’t able to afford a Cadillac. By forcing everyone to drive luxury cars, the government would ostracize those who cannot afford to purchase Cadillacs. With very few people being able to purchase Cadillacs, the government would lose out on tax revenue. Also, by eliminating choice, the government is effectively eliminating competition. Without competition,
…show more content…
To most Americans, a car is solely a method of transportation. They don’t need a luxury muscle car that has speeds of 200 mph. Forcing them to purchase said car would be detrimental to them. Now they’ll have to pay higher car insurance rates and drive a less safe car.
By deregulating the car industry and allowing people to purchase Toyotas, the government would actually help itself and its citizens. By increasing the options of cars people can buy, more produces will appear in the market. The increase of producers will create more jobs for citizens. The increase of producers in the market will also allow for better competition and more fair prices to the consumers. With better, cheaper prices, more consumers will enter the market and buy cars. With more people with jobs and more people purchasing cars the government will profit with an increase in tax revenue.
In conclusion, deregulation of certain industries helps lead to economic growth. When the car industry was heavily regulated, only Cadillacs can be driven, hardly anyone was in the market and the government hardly profited off of taxes. After its deregulations, more factories were produced, which lead to more money in the hands of consumers and more competition. The combination of more jobs and more people buying cars lead the government to get an increase in tax
To most Americans, a car is solely a method of transportation. They don’t need a luxury muscle car that has speeds of 200 mph. Forcing them to purchase said car would be detrimental to them. Now they’ll have to pay higher car insurance rates and drive a less safe car.
By deregulating the car industry and allowing people to purchase Toyotas, the government would actually help itself and its citizens. By increasing the options of cars people can buy, more produces will appear in the market. The increase of producers will create more jobs for citizens. The increase of producers in the market will also allow for better competition and more fair prices to the consumers. With better, cheaper prices, more consumers will enter the market and buy cars. With more people with jobs and more people purchasing cars the government will profit with an increase in tax revenue.
In conclusion, deregulation of certain industries helps lead to economic growth. When the car industry was heavily regulated, only Cadillacs can be driven, hardly anyone was in the market and the government hardly profited off of taxes. After its deregulations, more factories were produced, which lead to more money in the hands of consumers and more competition. The combination of more jobs and more people buying cars lead the government to get an increase in tax