Discover and read the best of Twitter Threads about #LogicHowDoesItWorkIDontKnowIStudiedEconNotPhilosophy

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I love dropping logic on people who hate on taxes. In free-market “utopia,” the roads would be owned by a business-with a profit motive. And therefore using roads would be more expensive than in the way we currently pay for them. Because a profit margin would be added. “But Lou,
competition and market forces would drive the cost of roads down because supply and demand would harmonize!” Except no. Because land is finite, so you can’t have 80 competing private roads to one person’s house. Also: see the positive impact on economic growth of the TAX-FUNDED
interstate highway system and call me in the morning. economist.com/briefing/2008/…
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