Wednesday, December 12, 2018

What is the infrastructure candidates talk about?

Infrastructure.  Trump talked about it, so did Obama, so did Bush and Clinton.  We only seem to hear about it when someone (of either party) is running for president. But the federal government’s percentage of ownership and cost is very small, so why?

About 97% of what we call infrastructure  is owned and paid for by local governments and private interests.   I found this one really enlightening—I had no idea, but then, we don’t know what we don’t know.  In 2015, private infrastructure assets of $40.7 trillion were four times larger than state and local assets of $10.1 trillion, and 27 times larger than federal assets of $1.5 trillion, according to the Bureau of Economic Analysis.

Where the federal government does figure for this issue is regulation of and taxes on—I think Donald Trump being in real estate, realizes the heavy hand of government squeezing all businesses.

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