Kill the monopoly
Reader comment on: Christie and Cuomo's Tax Increase
Submitted by John Gillis (United States), Aug 7, 2011 17:35
The problem of toll and fare rises -- especially when they are as outrageous as this transparent opening gambit by the Port Authority, is that we are stuck with a politically created monopoly of transportation. And what results is this political dickering as described in the editorial comment.
The solution is twofold:
1. Divest the tunnels and bridges from the Port Authority -- that is, sell them off to private firms. This would result in competition between the Lincoln, the Holland, the GWB transportation conduits. At least that would be a start.
2. Getting government out of the way of building more bridges and tunnels across the Hudson. There could easily be another half dozen or dozen conduits (tunnels and bridges) between the Battery and Harlem that would both ease the insane traffic pressure across these conduits but introduce massively parallel competition so that commuters would not only get better pricing but faster travelling. No public money (taxes) would be needed.
That would be an excellent version of the future of capitalism.
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