Submitted by cddotdotslash t3_11t39am in nyc
AcceptablePosition5 t1_jcjupgb wrote
Reply to comment by flightwaves in New York lawmakers eye streaming tax, delivery fee by cddotdotslash
What strict revenue target? You mean expected revenue, the routine calculation for every tax enacted?
I'm not a fan of this tax either, but you're seeing patterns where there isn't any.
flightwaves t1_jckeh6u wrote
Fifteen billion dollars.
That’s how much money the state legislature mandated the MTA must raise through congestion pricing — by leveraging annual revenue to borrow $15 billion for the transit agency’s current five-year capital program.
THAT strict revenue target. You're ignoring patterns where they are.
AcceptablePosition5 t1_jcmcl88 wrote
Oh the congestion charges. Thought you meant the streaming tax.
Nice copy pasta. It's basically a stipulation for a loan to make sure the burden doesn't fall on the subway rider, or MTA doesn't back out of it, because again, excessive cars have a negative externality.
Look, it's pretty simple. Taxes raise money, and discourage unwanted behavior. I mean they could also just ban cars. Would that be better?
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