From today's lecture, average car is driven 15,000 a year
Clunker 15 MPG uses 1,000 gallons of gas.
New car, humor me here to keep the math easy, 30 MPG uses 500 gallons of gas.
Federal Gas tax 18.5 cents per gallon lost Federal revenue $92.50 per car times 250,000 cars is $23,125,000 per year in lost Federal Revenue.

Government Unintended Consequences.

I know you damn economists should just keep quite.


It is a mistake to think businessmen are more immoral than politicians!
Keynes, 1937