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Taxation

Cato Institute: Eliminate Muni Bonds, Use P3s and Privatization

Congress should consider eliminating tax exemption and privatizing infrastructure to subject it to property taxes in order to broaden the tax base, a director from the right-leaning think tank, Cato Institute, said this week.

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Comments (1)
How does he reconcile these two ideas: 1) "Decades of experience show that many federal investments get misallocated to low-value activities because of politics. That's why we should tackle the nation's infrastructure challenges by decentralizing the financing, management and ownership of investments as much as possible" and 2)"private businesses are taking the risks and putting their profits on the line, funding is more likely to get allocated to high-return projects and completed in the most efficient manner."

So, by his reasoning the private sector would operate all the "high-return projects" leaving the "low-value" projects to the inefficient public sector? Hmmm...."low-value projects" subject to "bureaucratic mismanagement", sounds like a winner to me.
Posted by Robert G | Thursday, July 25 2013 at 3:06PM ET
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