Monday, 5 July 2004

Trust fund follies

Chip Taylor notes the current congressional squabble over the distribution of highway trust fund money. He writes:

Of course, if every state got back exactly what its residents paid in, the main purpose of the federal tax and trust fund would be to allow the feds to dictate highway-related laws: drinking ages, BAC levels, open-container laws and the like. Come to think of it, that is likely the main purpose now.


Of course, now the sicko social scientist in me wants to construct an econometric model of state highway trust fund returns.

1 comment:

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You forget the important function of redistributing wealth from taxpayers to federal bureaucrats.

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