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Yet Another Glaring Flaw With Trump Infrastructure Plan: Dependence on Vagaries of Tiny, Slow-Moving Tax Equity Market

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Scott Baker
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The oh-so-clever Trump plan to use tax credits to fund infrastructure spending means it will be too small and slow to provide any real boost.

“Public/private partnerships” mean using middlemen with very high profit requirements, making the process more costly than if handled by government entities directly. The Federal government has repeatedly executed large scale investment programs successfully of vastly more complexity than anything the private sector has undertaken (see Felix Rohaytn’s Bold Endeavors for examples; consider the space race for starters).

Private-sector deals will go whether the returns, which includes looting, is greatest, rather than where the need or long-term growth opportunities are best.

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Scott Baker Social Media Pages: Facebook Page       Twitter Page       Linked In Page       Instagram Page

Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)
 

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