Raising $2T
2019-05-10 16:59:44.425124+02 by Dan Lyke 0 comments
I piss and moan about the ridiculousness of throwing good money after bad in automobile infrastructure. The number $2T comes up regularly, whether it's the recent Trump/Schumer/Pelosi proposal (that won't make it past the senate) https://www.npr.org/2019/04/30...astructure-but-not-on-how-to-pay or the ASCE (American Society of Civil Engineers) famously suggesting that if we didn't spend $2.2T on fixing roads and bridges we were going to end up losing out on $1T of economic growth https://www.strongtowns.org/jo...ing-the-asce-infrastructure-cult .
The ASCE later revised those numbers to claiming we need to spend $5.2T https://www.strongtowns.org/jo...ailure-to-act-like-professionals
Anyway, ignoring things like the carbon and health externalities, here's what it would take to raise two trillion dollars for infrastructure. It starts with $1.60/gallon gas tax, assuming inelastic demand for gas.
https://www.enotrans.org/artic...e-2-trillion-for-infrastructure/