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Is it true the $5T that ASCE estimated is being held by the 1% (or whatever you want to call them)? This would imply the funds exist but are locked up for thou
by mycall 6y ago
Is it true the $5T that ASCE estimated is being held by the 1% (or whatever you want to call them)? This would imply the funds exist but are locked up for thousands of different reasons.
- deleted 6y ago[deleted]
- toomuchtodo 6y agoOne might argue infrastructure funds are being held by the wealthiest in their investment assets that otherwise would've been taxed at a higher rate in other developed nations. This doesn't mean we should grow for growth's sake using that wealth, but based on on the nation's infrastructure report card [1], we are very much not investing in infrastructure upkeep. How do we pay for infrastructure? Taxes (or perhaps by printing fiat based on modern monetary theory). Do we need infrastructure to support a civilization? Of course. [1] https://www.infrastructurereportcard.org/ https://www.infrastructurereportcard.org/