Given the problem, this seems like a reasonable action on the part of the NYC City Council. But I'm confused by section on congestion pricing: > Many experts believe congestion pricing is the best way for New York City to fix congestion and secure the funds needed to fix the subway. Mr. Johnson supports the idea, but Mr. de Blasio has opposed it. Gov. Andrew M. Cuomo, who controls the subway, has said he will push fo…
Congestion pricing is generally politically unpopular in that it trades clear price increases and the attendant hassle around charging for hazy-sounding benefits. At least until it's implemented, anyhow. Once people see congestion drastically reduced, it becomes more popular: https://nyc.streetsblog.org/2017/12/06/for-politicians-conge... It also pretty obviously favors the rich, which is not a big vote-getter.
In many ways, a congested city works like a income-adjusted congestion tax, where you pay with your time. Since the time of rich people is more valuable, the burden seems "fair". The only problem is that the time is wasted, no tax is collected.
Maybe we should accept that political reality and setup income adjusted congestion taxes, putting the revenue to work to ease congestion for everybody.
Another option is to disburse a limited, equal number of "tradable driving hours" to each citizen regardless of income. You now have a market that eficiently allocates the limited public resource, allowing poor or thrifty citizens to earn tax credits, while allowing rich drivers to pay a fixed rate for each driving hour exceeding their allocation.
It's good politics, bad economics - but still much better than wasting millions of man hours each day.