As to efficiency that’s not really relevant. What I pay to see a movie is divorced from what it takes to make the movie. All I care about is the utility.
But, individual roads fit into a larger context. If you want to get from A to B and there is a road from A to C and from C to B then the utility is limited to time saved. Companies rarely build such roads and it’s even rarer to see them turned into public toll roads.
The US interstate highway system for example provides minimal individual benefit over existing roads, but massive collective benefit. Worldwide you don’t see companies building such things even when the demand is there.
Why would companies be building roads like that when there is no need to do it?
>"Worldwide you don’t see companies building such things even when the demand is there."
This would be interesting to look at, where is there demand for roads?
Need is a poor way of looking at investments. Having a more direct route reduces travel costs. Which is while people use Toll Road‘s even when their are generally other options.
If you want to make the suggestion that companies will make toll roads you need to explain why the don’t even when their are many profitable bridges etc. Toll bridges could be profitable in many places yet they are not built largely becase the cost is so extreme.
As a result, people are not willing to pay much for more roads, so they aren't going to be built. It may not even be legally possible in many cases under current regulations.
So you claim people won't voluntarily fund a project like a wastewater treatment plant since it doesn't make them feel rewarded or some other mental thing. Fine, doesn't matter why they won't do it. My point is that's the only time taxes are required to get a project done.
>"My 100$ is not going to cure cancer so I don’t donate to cancer research. But, if I knew it would make the difference between a cure and no cure, then I would very much donate 100$ to end cancer."
Even the NIH admits medical researchers waste 90% of the funds they pass out (I would put it much higher), so yea there really is no reason to give them any more money: https://nihrecord.nih.gov/newsletters/2016/07_01_2016/story3...