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Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by cymbeline on Tuesday May 05, 2020 @08:49AM (#23079438)
IMO: transportation bailouts should be focused on essential everyday services (e.g. public transit, which is currently hemorrhaging money) and not for a mode whose purpose is to facilitate business trips and vacations
Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by chrisseaton on Tuesday May 05, 2020 @08:52AM (#23079464)
> a travel mode used for vacations and élites

Normal line workers everywhere have to travel for business and don't have any choice about it. These people aren't travelling for fun and aren't elite by any stretch of the imagination.

Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by toomuchtodo on Tuesday May 05, 2020 @09:07AM (#23079593)
Let Them Use Zoom. /s

Seriously though, we’ve become extremely accustom to a mode of travel (air travel costs have deflated over the last several decades) that generates ~3% of the world’s CO2 emissions. Anything that scales that back so essential travel is the majority of air travel is a good thing.

High level, we’re forced by COVID to re-evaluate what we perceive as needs, and what actual needs are. Again, this is a good thing, and pushes back against cultural inertia (open office plans, face to face for biz travel, commuting to work when you could just as easily work from home, etc).

Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by fennecfoxen on Tuesday May 05, 2020 @09:11AM (#23079626)
If you have to travel for business, the business should be paying for it, not taxpayers.
Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by chrisseaton on Tuesday May 05, 2020 @09:12AM (#23079633)
Should we make all roads toll roads as well? Or how about society works together to support basic infrastructure like roads and air routes.
Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by cymbeline on Tuesday May 05, 2020 @09:19AM (#23079699)
Yes! Tolls are making traffic in a lot of European cities a lot more manageable, and vastly improving air quality. Correctly pricing automobile travel is the only way we can offboard our cities from the insane externalities of single-occupant vehicles (not just air pollution, but all that valuable urban real estate wasted on parking spots and roads [0]).

[0] In normal times, 80% of commuters get to Manhattan via transit. ~1,500 rail passengers enter Manhattan’s central business district every six seconds between 8–9AM.

Trying to cram all those Manhattan-bound train riders into cars (or AVs) would be impossible. You’d need 324,000 more vehicles to accommodate them, and 100 new bridges or tunnels. [1]

[1] https://nyc.streetsblog.org/2009/08/10/what-if-everyone-drov...

Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by fennecfoxen on Tuesday May 05, 2020 @09:20AM (#23079710)
You're not asking to socialize the roads. You're asking to socialize the cost of the cars and the gasoline.
Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by lotsofpulp on Tuesday May 05, 2020 @09:19AM (#23079700)
What is the problem with making all roads toll roads? If anything, the unseen costs of driving due to lack of tolls causes significant issues such as traffic, road wear and tear (resulting in pollution), and mid allocation of the public’s resources into infrastructure for private vehicles rather than public transportation.

Government is already reading license plates, might as well attach it to a billing system and charge people accordingly. Want to travel during high demand hours? Pay more. Watch businesses and people adjust their habits automatically to better use the shared resource.

And if the concern is that poorer people get shafted, then give them a certain amount of cash or credits for road usage.

Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by fennecfoxen on Tuesday May 05, 2020 @09:23AM (#23079750)
Tolls were once difficult to enforce — collection infrastructure was expensive and slowed down traffic. Modern technology offers new ways forward, at the price of destroying privacy.

Or you could just impose a gasoline tax as a proxy for travel (oh hey that's exactly what they did.)

Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by lotsofpulp on Tuesday May 05, 2020 @09:27AM (#23079791)
That works too, although if electric cars become mainstream, it would be an issue for the future.
Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by vsareto on Tuesday May 05, 2020 @09:32AM (#23079833)
It seems better to just tax something instead of setting up toll infrastructure
Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by fennecfoxen on Tuesday May 05, 2020 @09:45AM (#23079933)
It really depends.

The free market is only efficient when transaction costs are low. For many forms of travel, the cost of monitoring such travel makes tracking far too expensive. Even just understanding a toll scheme has its own cost; you don't want to be too worried about misestimating the cost of every drive down to the grocery store.

For long-distance interstate travel, however, toll roads make a lot of sense. This is particularly the case where trucks are involved. You charge proportionally to axle weight, so the companies doing the shipping pay for the damage they are doing to the roads.

In other congested areas, tolls can serve as an effective form of rationing, particularly over bridges or through tunnels. This encourages more efficient resource usage, e.g. by making carpooling more worthwhile. This also makes more sense for city centers with congestion-charge fees. The alternative rationing scheme here, "sitting in traffic", is a very bad way to pay for things and imposes its own very high transaction costs.

Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by lotsofpulp on Tuesday May 05, 2020 @09:44AM (#23079924)
A toll is a tax. Road usage isn’t equivalent, some roads are used more than others and at certain times. The goal would be to vary the tax based on demand, which is different for each road and time.

This already happens in many places, especially with tunnels and bridges.

Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by chrisseaton on Tuesday May 05, 2020 @09:20AM (#23079719)
> What is the problem with making all roads toll roads?

It's literally regressive.

Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by fennecfoxen on Tuesday May 05, 2020 @09:31AM (#23079817)
Life is regressive. The only way to allocate resources efficiently is to charge what a thing costs to provide. (This often includes a modest accounting profit, consistent with the cost of capital, but never an outsized economic profit, consistent with rent seeking cronyism.)

If life is too hard for people with less money, society should decide how much money to give everyone to make it better, and then let them make their decisions -- instead of declaring, "Passenger Vehicle Traffic And Parking Lots Are Virtuous And Worth Subsidizing."

Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by chrisseaton on Tuesday May 05, 2020 @09:43AM (#23079916)
Sounds inefficient and complex to me to give people money just to take it away again. If you don't make people pay tolls you don't need to give them money to pay the tolls. Cover it all with income tax.
Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by fennecfoxen on Tuesday May 05, 2020 @10:11AM (#23080172)
The problem is that when driving is free, people end up doing much more of it than is efficient. So instead of paying the congestion charge, you "pay" by sitting in traffic. Are you being responsible about resource usage and carpooling? Too bad, you still pay the exact same amount of delay. (HOV lanes do mitigate this, but only on those corridors where they're available.)

Meanwhile, the government generally ends up building too many roads and not enough transit. All this easily overwhelms the other inefficiencies.

Other bad plans where we don't charge for resources: Let's give all the people free electricity, so poor people don't have to pay something regressive! Then a few jerks can use it to mine Bitcoin until there are brownouts everywhere.

Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by lotsofpulp on Tuesday May 05, 2020 @10:21AM (#23080270)
Road capacity is a limited resource. You can't just keep increasing income tax indefinitely to keep covering the ever increasing usage. The goal is to reduce usage, and/or time shift it.
Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by lotsofpulp on Tuesday May 05, 2020 @09:26AM (#23079786)
So reduce taxes for poorer people. Or give them credits for tolls. The point is road usage isn't free, and pretending it is causes problems elsewhere.
Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by baq on Tuesday May 05, 2020 @09:25AM (#23079767)
having a car is a privilege, not a basic need. don't have a car? don't have to pay tolls.

norway has an interesting model which i don't agree with fully - new roads are toll roads until they pay for themselves. i guess support after that time is paid by fuel tax?

Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by chrisseaton on Tuesday May 05, 2020 @09:42AM (#23079909)
How do you get your food? Via someone transporting it in a vehicle? A vehicle on a road? Eating is not a privilege.
Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by baq on Tuesday May 05, 2020 @11:00AM (#23080719)
i've got a shop in walking distance.

someone transporting it in a vehicle is also an option which I very seldom use for groceries but almost everything else does come to my house this way.

access to shelter, food and water should be a basic human right. access to a car and it's supporting infrastructure shouldn't. consider what would have to happen to not need a car to get groceries instead of fueling the positive feedback loop of communities designed for cars and cars only. i've been to a development surrounded by a highway on all sides, you literally couldn't get out of it legally in any way which didn't involve a car. of course people jaywalked to walmart on the other side of one of the two-lane roads.

Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by chrisseaton on Tuesday May 05, 2020 @11:05AM (#23080779)
> i've got a shop in walking distance.

How do you think it gets to the shop?

Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by baq on Tuesday May 05, 2020 @01:02PM (#23082195)
No true Scotsman delivers it there.
Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by chrisseaton on Tuesday May 05, 2020 @04:58PM (#23084983)
You're not understanding my point - I'm saying the goods you buy have to travel by car to get to the stop you go to. So the road roll would increase food prices, which is a regressive thing to do.
Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by wand3r on Tuesday May 05, 2020 @09:26AM (#23079781)
I think the point is that most Americans get more out of roads than they do out of Air travel.
Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by jaas on Tuesday May 05, 2020 @09:20AM (#23079723)
Yes, most roads should be toll roads. The benefits to society would be enormous.
Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by monsieurgaufre on Tuesday May 05, 2020 @09:06AM (#23079589)
Normal line workers mostly take a plane for vacation or family reasons. Specialized workers, i'll give you that, but it's way less than you imply.
Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by chrisseaton on Tuesday May 05, 2020 @09:13AM (#23079646)
Who do you think is filling the hundreds of economy seats on flights between regular cities? It isn't holiday makers, and it isn't executives. It's normal people like you and me trying to get around for work.
Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by tyingq on Tuesday May 05, 2020 @08:57AM (#23079503)
Without the bailout, if airlines made schedule/service decisions based purely on financial drivers, it would have been pretty bad. Lots of places might have been left with no flights.

It's possible the amounts and/or split between grants and loans wasn't right...but some kind of bailout was needed to avoid chaos.