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At any rate, it's the current system that is profoundly regressive. About a third of DC households don't have a car at all. The existing parking subsidy takes money from all taxpayers, whether they drive or not, and effectively redistributes it to car owners in proportion to the number of cars they own

I understand the economics of this, but it's really not a particularly persuasive argument. The low price of parking means foregone revenue for the city, meaning we rely on other sources of revenue. But given that that revenue is primarily real estate and income taxes, those costs are borne generally by the rich (yes, one can argue that DC's tax system isn't very progressive, but it's not regressive).

by ah on Dec 10, 2012 10:36 am • linkreport

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