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Do We Need Cash to Go Green?

Posted June 24, 2009 8:33 AM

Japan recently began offering its citizens "eco-points" for buying new electronics products and tax breaks for eco cars; the resulting sales are helping boost its struggling economy. Not to be left behind, the U.S. soon followed suit, passing a "cash for clunkers" law that pays incentives for trade-ins of gas guzzlers for new, more efficient autos. Designed to help the economy, but also spur use of "greener" products, should paying incentives be a more-favored path to push Green?

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Join Date: Feb 2008
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#1

Re: Do We Need Cash to Go Green?

06/25/2009 9:21 AM

What I expect will happen with the "cash for clunkers" is that dealers will offset what they give for trade in value for the voucher. The net effect will be that the dealer actually gets the cash benefit, not the consumer. This will also drive the value of clunkers down and remove even more net worth from the already starving average American citizen.

Yet another fraud waste and abuse ploy for the government.

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#2

Re: Do We Need Cash to Go Green?

06/25/2009 6:40 PM

it is just a scheme to get people buying again, there were allready some scandals that some eco advertised equipment were not so eco

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