INFRASTRUCTURE: OPTIMAL PRIVATE AND GOVERNMENTAL FUNDING AND PROVISION

The excess burden of taxation, which in the US is over $1 trillion, could be reduced by transferring responsibility for funding infrastructure to the private sector, with a corresponding cut in taxes. While governments may resist optimal taxation, private communities are induced to do so by competit...

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Bibliographic Details
Published in:Economic affairs (Harlow) 2005-03, Vol.25 (1), p.25-30
Main Author: Foldvary, Fred E.
Format: Article
Language:English
Subjects:
Area planning & development
Funding
Infrastructure
Studies
Taxation
Taxes
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Summary:The excess burden of taxation, which in the US is over $1 trillion, could be reduced by transferring responsibility for funding infrastructure to the private sector, with a corresponding cut in taxes. While governments may resist optimal taxation, private communities are induced to do so by competition. A promising approach to efficient funding of civic infrastructure is its transfer to private enterprise
ISSN:0265-0665
1468-0270
DOI:10.1111/j.1468-0270.2005.00533.x