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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsInfrastructure Build or Privatization Scam?
Infrastructure Build or Privatization Scam?NOVEMBER 19, 2016 9:26 AM Paul Krugman
Trumpists are touting the idea of a big infrastructure build, and some Democrats are making conciliatory noises about working with the new regime on that front. But remember who youre dealing with: if you invest anything with this guy, be it money or reputation, you are at great risk of being scammed. So, what do we know about the Trump infrastructure plan, such as it is?
Crucially, its not a plan to borrow $1 trillion and spend it on much-needed projects which would be the straightforward, obvious thing to do. It is, instead, supposed to involve having private investors do the work both of raising money and building the projects with the aid of a huge tax credit that gives them back 82 percent of the equity they put in. To compensate for the small sliver of additional equity and the interest on their borrowing, the private investors then have to somehow make profits on the assets they end up owning.
http://krugman.blogs.nytimes.com/2016/11/19/infrastructure-build-or-privatization-scam/
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Infrastructure Build or Privatization Scam? (Original Post)
workinclasszero
Nov 2016
OP
FarPoint
(12,368 posts)1. Blind guess...
Privatization SCAM.
handmade34
(22,756 posts)2. *privatization
*benefitting from gov't money without having to protect workers or the environment
cyberswede
(26,117 posts)3. Ugh. Figures.
Of course it's a privatization scheme.
2naSalit
(86,611 posts)4. K&R!!!