Why do parents let their high schoolers have fast cars?

Throughout my car search, my dad has been great. He's a car guy too, and he understands the wants that I have from a car. More than that, he's pretty much willing to fulfill most of them. But there's one desire that I have that he has said "no" to. Well, two actually. He refuses to send me to school in anything with a blue and white propellor on the front, but that's another story. But his only other major qualification is; the car must not be fast.

Quick is okay. Many of the cars I'm looking at are quick, like the one I posted about yesterday. But not fast. No, he has forbidden me from driving a high-performance vehicle. And I don't blame him one bit. Teenagers shouldn't drive fast cars, if you ask me. The insurance costs are insane. The fuel economy is likely so-so. But most importantly, it's a fast car. Which means the best case scenario is they get a big fat speeding ticket, the bad scenario is they get their license taken away for racing or something, and the worst case involves them dead in an accident. As a huge gear head, I would love a fast car, but I realize that giving a high schooler a fast car is one of the dumber things a parent can do.

Let me give you an example. I know a kid who had a riced-up bugeye WRX. He totaled it while trying to do doughnuts in the middle of the high school parking lot in the snow. And he isn't the only one who has a car like that. Just off the top of my head, there are students at my high school with the following cars: 4th-gen Mustang Cobra, tuned (and stanced, bro) '05 Impreza WRX STI, E36 M3, several Mustang GT's, Mitsubishi 3000GT Turbo, some sort of tuned 240SX or Celica (which has so much bodykit I can't tell what it started as), more VTEC tuners than I can count, and now a pair of B6 S4's. There are many more, this is just what I can think of off the top of my head.

So why, pray tell, do parents buy these cars for their children? One of the biggest arguments is, "But I didn't buy it. My responsible baby worked hard and saved up his own money to buy that car!" To which my response is, "Congratulations, do you think the tree at the end of the block cares who paid for it?" Some may argue that their child is very, very responsible. But I would consider myself very responsible, and even I wouldn't be able to resist the temptation of showing off for my friends or pushing my car's limits if I drove something fast. Still others just want their kid to be happy and popular. But is that really worth it?

I apologize if there are any parents on here whose kids have fast cars, but I'm just going to say it; In my opinion 16 year-old opinion, giving a high schooler a fast, street-racer-ish car is a moronic thing to do, and a recipe for disaster. These are kids that get themselves into serious trouble in Hyundai Accents. Why give them Camaros? As I said, all of them will probably end up getting tickets and getting in accidents anyways, and that likelihood goes up astronomically with a fast car. And unfortunately, some of them will likely kill themselves or someone else. No matter how much you love cars, it isn't worth it.

/end rant/