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- Title
INFRASTRUCTURE: OPTIMAL PRIVATE AND GOVERNMENTAL FUNDING AND PROVISION.
- Authors
Foldvary, Fred E.
- Abstract
The excess burden of taxation, which in the US is over$1 trillion, could be reduced by transferring responsibility for funding infrastructure to the private sector, with a corresponding cut in taxes. While governments may resist optimal taxation, private communities are induced to do so by competition. A promising approach to efficient funding of civic infrastructure is its transfer to private enterprise.
- Subjects
PUBLIC spending; FINANCE; TAXATION; PUBLIC finance; PRIVATE sector; FREE enterprise; ECONOMIC policy
- Publication
Economic Affairs, 2005, Vol 25, Issue 1, p25
- ISSN
0265-0665
- Publication type
Article
- DOI
10.1111/j.1468-0270.2005.00533.x