Saturday, August 11

How to pay for infrastructure

Even if we assume that maintaining local bridges is a federal project, the involvement of politicians means perverted priorities, and maintenance of existing infrastructure, which has no clear constituency, isn't going to rank very high.

Consider the earmark debate. As the Wall Street Journal recently editorialized, "The $250 million in emergency appropriations now flying through Congress for Minnesota is slightly more than half the amount appropriated to Alaska for the 'Bridge to Nowhere' and 'Don Young's Way,' two of the more infamous earmarks from the 2005 bill."

...One possible solution would be to turn each state road system into a non-profit corporation funded entirely from tolls, not taxes. The stockholders in the corporation would be the road users. They elect a board to run the roads and determine road spending and tolls. Funds cannot be diverted to other vanity projects since all funding belongs only to the road corporation. And the only source for funding would be the tolls, not taxes subject to political manipulation.
Absolutely. The people who use it should pay for it.

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