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The problem is that parking is too cheap. It's not hard to find parking in downtown NYC but you have to pay an arm and a leg for it. Get rid of free parking a
by bryanlarsen 2y ago
The problem is that parking is too cheap. It's not hard to find parking in downtown NYC but you have to pay an arm and a leg for it.
Get rid of free parking and you'll never be short of it again. Putting a proper price will reduce demand and increase supply.
- richwater 2y agoThis is literally just a regressive tax. Especially (but not solely) in areas with lack of quality public transportation (ie, doesn't double the time it takes to get somewhere)
- bryanlarsen 2y agoFree parking is also regressive, the poor pay a much higher portion of their income for "free" parking than the rich do. More generally, parking is a service. All market goods & services are highly regressive, because the rich and poor pay basically the same price. Addressing inequality at the individual goods level always creates more problems than it solves. Addressing it for parking is particularly unfair, because the very poorest don't have cars. The poor would be far better off with more welfare and a less regressive tax system so they have more money to choose what they need. Paying for "free" parking via property taxes and baked into the costs of local stores is inefficient and regressive.