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Sure it's breaking even if you consider the utility of the roads to be equal to the taxed value of petrol. But it's likely far greater than that.
by nightski 7y ago
Sure it's breaking even if you consider the utility of the roads to be equal to the taxed value of petrol. But it's likely far greater than that.
- lmm 7y agoThe point is that the value created and not captured by the government (at a cost of billions of dollars of what could otherwise be working capital, so effectively being paid for by taxpayers) is effectively a subsidy, and this particular subsidy may not be fairly distributed.