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National parks are fantastic and extremely valuable. This fund has probably provided enormous long-term value. I do take issue with these statements though:
by tempestn 11y ago
National parks are fantastic and extremely valuable. This fund has probably provided enormous long-term value. I do take issue with these statements though:
> The Land and Water Conservation Fund isn’t taxpayer-funded. Since 1964, the government has redirected money from offshore oil and gas drilling (plus a couple other sources of income) into the fund...
> It’s striking to see how much land has been added by the program, at no cost to taxpayers.
In reality, government revenue is fungible. If this fund didn't exist, that revenue would go toward other government expenses. So saying that it's funded by X revenue and therefore costs nothing to taxpayers is just mental accounting.
- caf 11y agoThere's a word for that mental accounting: hypothecation.
- corin_ 11y agoSimilar (kind of) concept but hypothecation is about collateral, not mental accounting, unless it has a second, different meaning too?
- caf 11y agoYes, there's a second meaning in relation to taxes / revenue where a particular tax or revenue source is notionally allocated to a particular set of spending.