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Crushing the cars is a waste. Auction off the parts. But coming down hard on street racers is a good thing. Racers kill people. Doing 160mph on 50 mph speed limit roads is stupid. If they really want to race there has to be a better way to do it, like renting out a venue. Yeah, it costs money but these are the type of guys that spend their life savings customizing their rides anyway.
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