To fix the potholes and crumbling roads, federal, state and local governments rely on fuel taxes, which raise more than US$80 billion a year and pay for around three-quarters of what the U.S. spends on building new roads and maintaining them.
I recently purchased an electric car, the Tesla Model 3. While swerving down a particularly rutted highway in New York, the economist in me began to wonder, what will happen to the roads as fewer and fewer cars run on gasoline? Who will pay to fix the streets?
Will toll roads become universal to bridge the funding gap?
(Score: 1, Insightful) by Anonymous Coward on Tuesday February 26 2019, @04:27PM
Not really, if they were good at taxation, there wouldn't be billions and billions of dollars that goes untaxed due to massive loopholes in the tax code.
What they're really good at as avoiding taxing the rich and paying for things that benefit the poor and middle classes.