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The Water Cooler
General Discussion
The turnpike system and the money grabbers In the state
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<blockquote data-quote="-Pjackso" data-source="post: 4088321" data-attributes="member: 8119"><p>I concur. There are times where turnpike (private bonds) are helpful to fund large projects. And only the people that "use" the turnpike are the ones that pays for it.</p><p></p><p>...Although...</p><p></p><p>The rub is 2-fold:</p><p>1) The turnpike bonds curiously never gets paid off, so the "investors" continue to profit. Almost as if the investors (and OTA) are motivated to to ensure the 'debt' is never fully resolved.</p><p>2) If the (OTA and investors) have a cozy relationship (read: more easy money) to build more turnpikes - then by association, the investors are using state powers (eminent domain, legislation, police force, etc) to force people out to further the investors profits. </p><p>...you know, ...for NEW roads, ...where there is already existing roads. Except not as nice, and not as profitable.</p><p></p><p>Private corporate money tends to 'sway' politicians for short-term "easy" money.</p><p>Corporate investments are for-profit - which drains state revenue. But how long, ...for impertuity?</p><p></p><p>Do we really want to hand over the state enforcement powers and revenues over to say... Blackrock?</p><p>We should name the Turnpike(s) by who mostly funded it.</p></blockquote><p></p>
[QUOTE="-Pjackso, post: 4088321, member: 8119"] I concur. There are times where turnpike (private bonds) are helpful to fund large projects. And only the people that "use" the turnpike are the ones that pays for it. ...Although... The rub is 2-fold: 1) The turnpike bonds curiously never gets paid off, so the "investors" continue to profit. Almost as if the investors (and OTA) are motivated to to ensure the 'debt' is never fully resolved. 2) If the (OTA and investors) have a cozy relationship (read: more easy money) to build more turnpikes - then by association, the investors are using state powers (eminent domain, legislation, police force, etc) to force people out to further the investors profits. ...you know, ...for NEW roads, ...where there is already existing roads. Except not as nice, and not as profitable. Private corporate money tends to 'sway' politicians for short-term "easy" money. Corporate investments are for-profit - which drains state revenue. But how long, ...for impertuity? Do we really want to hand over the state enforcement powers and revenues over to say... Blackrock? We should name the Turnpike(s) by who mostly funded it. [/QUOTE]
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