4 ms·
There is only one singular goal written into the enabling law for this Congestion Tax, renenue for the NYC MTA transit system's capital plan. They have to raise
by Projectiboga 2y ago
There is only one singular goal written into the enabling law for this Congestion Tax, renenue for the NYC MTA transit system's capital plan. They have to raise one billion dollars per year. Any reducing congestion or any altering of pollution were only part of getting Federal approval. Now the only purpose is to raise money with 5 years of hikes already scheduled. This is going to uave drastic unintended consequences. I predict a theatre and retail recession. And more office divestment if this regressive tax isn't repealed or forced to focus on emissions or some non revenue goal.
- atoav 2y agoSure it is going to have consequences, but so does not doing anything as well. Not to be that guy, but from a European standpoint the clear answer is: If you make driving cars into the big city expensive, if you still wanna get people there you need to give them other, cheap, more space-efficient ways of getting there. Public transport, bus lines, trains, stuff that Asian megacities do as well. Or you can build even more lanes and parking lots, because that worked out great and was without any consequences so far /s I am not saying I trust in the success of NY congestion pricing, but that has nothing to do with the measure (it is fine) and everything to do with how how half-assed it might be implemented. But elsewhere similar concepts work just fine. But hey, so does healthcare..