4 ms·
$500M/year was the magical thinking that applies any time the NY government wants to create a tax. The revenue projected is always huge so they can spend big so
by pclmulqdq 2y ago
$500M/year was the magical thinking that applies any time the NY government wants to create a tax. The revenue projected is always huge so they can spend big somewhere else while pretending to be revenue neutral. The soda tax had the same ridiculous overestimation.
- wk_end 2y agoIf I’m reading OP’s math correctly, you’ve got it backwards. They’re saying NYC should be in practice making significantly more than $500M/yr.
- pclmulqdq 2y agoOP's math doesn't account for the fact that a small fraction of trips into the city are personal vehicles, and many more are cabs/rideshare cars (which pay differently) and trucks making deliveries (which may be exempt). In any case, there is also going to be widespread toll fraud here just like with every other toll in NYC.
- deleted 2y ago[deleted]