
The only issue is that free busses don’t work. They will turn into roving drug dens with no barriers to entry and no incentive for maintenance. Increased bus demand with no increased supply for busses or bus drivers or anything of the sort. And higher taxation l. Simply put, the result will be (as we have seen historically), less busses, lower quality busses, and higher taxes I have no clue what his grocery policy was so I can’t speak about that
If we have free buses, the bus drivers will be at more vulnerability while driving buses because the buses will be too crowded and people will start getting angry at the bus drivers for their bus being full and not being able to go to their destination we have tried to have free buses in New York in the past and it resulted in small riots among the bus stations and resulted in hundreds of bus, drivers being attacked and hurt
Because it's a dumb downed version of a complex system. By your logic every park should be riddled with drugs, they arnt. Every library should be a homeless shelter, they arnt. None of these have barriers to entry. You're over generalizing the basic supply demand graph to things it can't apply to.
I’m not using the graph actually. Nor does my analogy apply to these things. A park has a consistent value and maintenance . It is a piece of land, distinct from transportation capital. Libraries are the same. However we know that section 8 housing does turn into drug dens. I don’t understand why every critique of economic principles refer back to a “graph” as if anyone is actually using it. I am using a principle that has proven true in literally every situation it has ever been applied to
Human behavior and the underlying reality of scarcity do not change with the system Higher demand and lower supply leads to rationing of resources, that’s simply how reality works. There is no getting around it no matter how complex the system. Furthermore history displays this amply
Your 3rd sentence on your first post is by definition the supply demand graph in words in this context. The principle you are using right now is proven by the supply demand graph. You say since my examples have a more concrete value (land) they differ but that's just not true considering busses have value as well just not as much. This argument they would turn into drug pins undermines the fact there are positive externalities generated by free buses that encourage investment from the gov.
Free buses encourage higher taxes, more investment to handle increased supply, etc. all the problems I listed earlier. Furthermore I never made the argument that “value” was the difference (or sole difference), it’s a different form of captain. Furthermore where is the demonstration for your position
Your first argument literally is flawed but you just ignore it. There are incentives to free busses that can only be captured in gov interference. Lowering transportation costs allows more dispensable income to be spent else where in the economy and money has a multiplication effect. This is all dumbed down ofc and lacks the details
That money can also be spent on transportation. Furthermore increased taxation removes “disposable income”. Furthermore increased maintenance, security, capital, and labor costs that will invariably follow increase this drain. The government also only redistributes and collects currency (taxes) it isn’t creating any value (printing money does not make value) So your argument is….i said so
Sure but that lives under the assumption that mamdami would levy those taxes on the lower income people that free busses would benefit the most. We know he isn't doing that. High income earners seeing those taxes a) don't take the bus b) have disposable income spent other places that woudlnt impact the immediate ny economy (such as vacations)
Taxing the rich has been proven not to work by economists such as Thomas Sowell and economic history. It’s even more dangerous now with foreign direct investments. What are you talking about? The money spent reinvesting capital would have larger gains, networks can easily transcend location, tax exempt securities would lead to much lower reported taxable incomes.
How does this address what I said? Economists also said the economy would’ve crashed by now. Economists said price controls and current manipulation was good as well at a time. I’ll repeat myself, over the course of USA history, tariffs have indeed worked. Do you think the USA was founded in 1990?
Tariffs work to protect some sectors in the country. Targeted tariffs work very well. The sweeping tariffs trump has implemented is what economist refer to when they said he was going to crash the economy. Also using tariff data in the 1900s (mostly post ww2) doesn't prove much since USA still had its comparative advantage in wages.
the economy has crashed… but we’ve had such insane (fake) growth in the AI sector that it looks like GDP is going up. In reality if you ignore the AI sector (which is all based on being overvalued) we’re in are recession. you know what happened the last time the US did broad tariffs? it was in 1930 and is was a major contributor to the great depression.