Monday, September 19, 2011

...Cash tolls to use the George Washington Bridge rose to $12 from $8...


Cash tolls to use the George Washington Bridge rose to $12 from $8. That's what, a 50% increase?

But inflation is what, under two percent, right? How does that work?

3 comments:

Jazzbumpa said...

It works because the basket of goods that is used to messure inflation does not include the G.W. Bridge toll. The latter might have increased because it needs maintenance and we have put $00.00 into infrastructure. But that is only a guess.

Cheers!
JzB

anagory said...

GWB?

Jerry said...

Proportional taxes (e.g. a flat tax on net worth) would proportionately affect people who bribe politicians using large sums of money.
These little tolls, excise taxes, cigarette tax, gas tax, sales taxes, etc, disproportionately shift the burden onto lower income/net-worth people who cannot offer such nice bribes. So if you need to raise revenue for something, that's the way to do it!