Isn't it generally likely that if we use the Tax Code to distort economic activity on balance we are going to have less economic growth than we would have if we allowed the marketplace to allocate capital instead of political people?
Toomey argues that political decisions distort economic growth compared to market allocation.
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I have no doubt that a few years after these projects are completed, transit agencies will come back to Congress pleading for still more subsidies to operate systems that have become far too large for the demand.
We should avoid the temptation to adopt new so-called tenant protections or permanent rental assistance that will have negative unintended consequences.
I just think that fare evasion is an important violation of the law that the FTA should be tracking.
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