[Rudder]

Something's amiss here with Bloomberg's traffic reduction scheme. First the idea was to charge all drivers so as reduce traffic entering the area.

But now, since Silver has nixed the plan, Bloomberg proposes taxing miliionaires for the purpose of...? I 'm lost again. What the hell is he up to, merely raising money?

[neverdem]

What the hell is he up to, merely raising money?

Either that or controlling behavior. For the left, it's a no brainer. Either way, they think they win. Same goes with taxes on tobacco. They never appreciate unintended consequences or analyze all the costs.

[Ken H]

Something's amiss here with Bloomberg's traffic reduction scheme. First the idea was to charge all drivers so as reduce traffic entering the area.

But now, since Silver has nixed the plan, Bloomberg proposes taxing miliionaires for the purpose of...? I 'm lost again. What the hell is he up to, merely raising money?

Cities all over the country seem desparate to raise revenue. Since the populace is resistant to higher taxes, things like tolls and red light cameras offer a way around that problem.

I have to wonder if pension and health care obligations could be part of what's driving this. They've certainly been a drag on US auto companies. With the expansion of government at all levels, I would think those obligations are quite substantial, if not overwhelming.