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That’s a silly trope of new urbanists. It mainly relies on a false narrative of current revenues paying for infrastructure. New suburban infrastructure is typi
by AuthorizedCust 5y ago
That’s a silly trope of new urbanists. It mainly relies on a false narrative of current revenues paying for infrastructure.
New suburban infrastructure is typically paid for by debt instruments, either directly (municipal bond) or indirectly (costs passed by developers to a new home’s first owners, usually paid via mortgage). Same goes for future major repairs or replacements: financed by new debt. No big deal.
- orwin 5y agoMoney is basically energy. Having an infrastructure that cost ten time as much money to maintain cost ten time as much energy to maintain. I agree with you, people should understand that their taxes do not pay for debt (usually), that public debt is `good` for their pensions and the economy at large, so the debt isn't an issue. But this is not a trope specific to new urbanists, it is a general trope of people not understanding modern economy. And a lot of old "economist" (Tv economists, not real researchers usually) still believe in this (or use it as a talking point for their own political agenda)
- throwaway0a5e 5y ago>Money is basically energy. Having an infrastructure that cost ten time as much money to maintain cost ten time as much energy to maintain. So at what point is society rich enough to afford it?