We were talking about cerebral stuff as you have to do with professors - moaning about the wives, discussing ailments, getting pissed - and we got onto the topic of kickstarting the economy by incenting people to buy new cars.
"What's the average price of a new smallish car" he asked
"About €12,000, maybe €15,000"
"And what's the VAT/GST/sales tax on that?"
"About €2500, maybe €3000"
"And the subsidy's €2500, so the Government's not actually giving YOU anything at all - it's just getting your money out of the bank and back into circulation"
Talk about brainy.
No wonder he's a professor.
AND a Ph.D.
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