you will simply kill the businesses and housing for anyone living nearby as a side effect. It's not an effective solution because it ignores actual second order

you will simply kill the businesses and housing for anyone living nearby as a side effect. It's not an effective solution because it ignores actual second order effects. Just like toll roads, it will push traffic to other paths while making people who rely on that stretch of road end up paying more. I live in a city where they decided parking downtown was too cheap because people were parking for too long. The effect was massive drop in business EVERYWHERE downtown. Why would I travel there to pay $25 to park while I shop? I'll just go shop elsewhere, where parking is free, and too bad so sad to the shops that go out of business because policy makers don't understand second order effects. Now downtown is filled with empty parking and empty stores.