> What you're proposing is that the government does absolutely nothing in the intervening times.
I'm not quite proposing that, but actually you're not far off. I think the government is generally very bad at long-term planning, budgeting, and execution. So if the choice is them doing nothing or them collecting and figuring out how to spend an extra $100 billion, I would go for the former. What I would prefer is that they delegate as much as possible of budgeting and execution to private industry. For example instead of spending tens of billions on BART and Caltrain, what if they offered some fraction of that amount in tax incentives for either multi-family housing developers, or for companies that open offices in areas where most people have to commute out for work? Or even tax incentives for people who have a sub-X mile commute?
What makes me skeptical about government spending are things like the California rail project. It seems like a shit show that is going way over budget, and when it's built it's unlikely to even be competitive with alternative modes of transport.
Things like building restrictions are just hampering the free market. Maybe some developer wants to build a bunch of $2k/mo apartments in SF, and they can make the economics work out for themselves, but the city doesn't allow it, so residents of the city have to pay $3k/mo or commute long distances. Everyone loses.
> What you're proposing is that the government does absolutely nothing in the intervening times.
I'm not quite proposing that, but actually you're not far off. I think the government is generally very bad at long-term planning, budgeting, and execution. So if the choice is them doing nothing or them collecting and figuring out how to spend an extra $100 billion, I would go for the former. What I would prefer is that they delegate as much as possible of budgeting and execution to private industry. For example instead of spending tens of billions on BART and Caltrain, what if they offered some fraction of that amount in tax incentives for either multi-family housing developers, or for companies that open offices in areas where most people have to commute out for work? Or even tax incentives for people who have a sub-X mile commute?
What makes me skeptical about government spending are things like the California rail project. It seems like a shit show that is going way over budget, and when it's built it's unlikely to even be competitive with alternative modes of transport.
Things like building restrictions are just hampering the free market. Maybe some developer wants to build a bunch of $2k/mo apartments in SF, and they can make the economics work out for themselves, but the city doesn't allow it, so residents of the city have to pay $3k/mo or commute long distances. Everyone loses.