June 30, 2005
Congress to allow tax free bonds to finance "private roads"
I was describing my wireless idea to a buddy last night at a party. I told him wireless was like public roads and he started kidding around that I had become socialist. Today he sent me this:
Looking for ways to finance highway projects without hitting the public trough, the U.S. Congress appears set to pass a proposal to encourage private ownership of new toll roads.The provision, part of the highway spending bill now being hammered out by a Senate and House conference committee, would allow private companies to raise up to $15 billion for highway projects with bonds that are exempt from federal income taxes.
The point here is that the government can't afford to pay directly for infrastructure and perhaps that private toll roads are not a monopoly business. My point was that in cities toll roads don't make sense. As for how to fund the wireless plan, how about a surcharge on existing wireless and wired data services :-).
Posted by Alex at 02:01 PM | Comments (0) | TrackBack (0)
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