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DATE 2023-12-01

HANGOUT

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Key: Value:

Key: Value:

MESSAGE
DATE 2023-12-07
FROM Ruben Safir
SUBJECT Subject: [Hangout - NYLXS] MTA Congestion Pricing
http://www.brooklyn-living.com/


Cogrestion Pricing Robbery
It steals from Brooklyn.
What can possibly said that is good about the "Congrestion Pricing" scam
that is being foisted on New Yorkers. At a time when the city is filty,
and homeless and mentally ill flood the subway system what can be better
for New Yorkers than trying to force them to ride the subway or dare
them to leave New York altogether. Why should working people not be
forced to contend with panhandlers who are terrific vectors for all our
epidemics, both real and imagined. There is nothing like the wonderful
odor of marijuanna and vaps in the morning with your morning coffe and a
danish. New Yorkers need to pay more blackmail money to the worlds
largest unaccountable government agency to the tune of 1 billion dollars
a year (at least according to Bloomberg).

Is it any wonder than nobody is paying the fare any longer and jumping
the turnstyle is record numbers?

Forcing drivers to pay $23 dollars a trip into New York City and giving
it to an unelected mass transit company with a history of increasing
costs and a total lack of accountability... what could possibly go
wrong!

The bais of Congrestion Pricing is based on a malicious lie which can b
outlined on Colombia Business School spreadsheets.

Using a detailed benefit-cost analysis that assumes a pricing structure
of $15 at peak times, $10 as traffic begins to thicken and $5 at
off-peak times, we calculate that the value of those projected time
savings to drivers and truckers amounts to nearly $3 billion a year,
with time saved in the boroughs and counties surrounding Manhattan
exceeding those on the island. These estimates are based on a
comprehensive spreadsheet model of the region’s traffic, developed by
one of us (Mr. Komanoff). State officials used that model to write the
statute authorizing congestion pricing, which the New York State
Legislature passed in 2019. The other gift will be the $1 billion a year
in congestion pricing revenue that the Metropolitan Transportation
Authority will use to secure $15 billion in bonds to pay for
improvements to mass transit in the city. Those upgrades will reduce
waiting times and onboard delays — and the precious time subway
passengers lose as a result.
Lets play the game of spot the hidden picture in the illustration, like
Radar and Hawkeye played in M*A*S*H.
The first lie is that the MTA needs a billion dollars a year more in
funding and that getting funding will improve service. That is a bald
faced lie. The MTA has blown billions of dollars and have given us
nothing to improve rides but more filth and homelessness and fancy
electronic advertising and coutdown clocks that are broken have the
time. The MTA is INCAPABLE of making rational decisions about transit
and if you object to pay them even more money, they call you childish
names. What the MTA will do with that money, as it says in the article,
is it will use this revenue source to BORROW more money. That is exactly
what the MTA does best, is borrrow endless amounts of money as fares and
costs continue to rise. This is what happens when you give a bunch of
selfish beurocratcs billions of dollars with no accountability and
market competition. The MTA's only competition of the Car and they want
to elimintate the car... or Taxis. Our life as New Yorkers is to be
prisionors to the MTA.

According to the MTA itself:

The amount of outstanding long-term debt issued by the MTA increased by
37 percent from $25.8 billion in 2010 to $35.4 billion in 2019 and rose
to $40.1 billion in 2021. • The MTA expects debt outstanding to reach
$47 billion by 2026, including $5 billion of debt paid by dedicated
capital lockbox revenues. • If all $15 billion of capital lockbox
bonds, including those to be backed by congestion pricing revenues are
counted, debt outstanding could rise to $57.4 billion by 2030
These numbers are so large that it is hard to grasp. The MTA keeps
telling the public that the world is flat hoping we never notice that
actually it is round. For example, The Gothomist reports
“We have papered over our failure to deal with a lot of difficult,
long-term issues with more borrowing,†said Nicole Gelinas, a fellow at
the Manhattan Institute. "To make a long story short, we've gone from
zero debt in the early 1980s to close to $48 [billion], $50 billion in
long-term debt by 2023." Growing debt payments This year, the amount the
MTA will pay on its debt represents about 40% of the agency’s expected
fare and toll revenues. Two decades ago, that ratio was about 20%. And
two decades before that, in 1984, it was less than 4%.
The MTA is a giant monster consuming everything it can lay its hands on
like an addicted gambler they will beg and borrow from anyone they can
when they finally run out of money and need more.. and as pointed out,
this has been going on for decades with no check!
But the most annoying falsehood in the Columbia report is the make
believe "savings" that we all get when the MTA takes a billion dollars a
year from the local economy, which is false claim that drivers will save
3 billion dollars a year. That is a totally fake proposition made on
bias politically oriented falsehoods that have zero basis in reality.
Drivers do not save money if you tax them more. There is zero economic
basis for making such false statements. Traffic doesn't reduce economic
activity, it is the generator of economic activity. When nobody drives
in the City, they will NOT get on their bike, they will LEAVE the city
and in fact, they are already leaving this city as retail and business
occupancy are now in a freefall of collapse.... so there is that.
--
So many immigrant groups have swept through our town
that Brooklyn, like Atlantis, reaches mythological
proportions in the mind of the world - RI Safir 1998
http://www.mrbrklyn.com

DRM is THEFT - We are the STAKEHOLDERS - RI Safir 2002
http://www.nylxs.com - Leadership Development in Free Software
http://www2.mrbrklyn.com/resources - Unpublished Archive
http://www.coinhangout.com - coins!
http://www.brooklyn-living.com

Being so tracked is for FARM ANIMALS and extermination camps,
but incompatible with living as a free human being. -RI Safir 2013

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