Thursday, February 2, 2012

Maybe Someday I'll Retire to Take Care of My Own Little Toll Bridge

The BBC reported on a toll bridge in Herefordshire that was recently purchased. That's not so unusual, but it was bought by a fellow who will retire on the property and hang around to collect the tolls motorists pay. The even better part is that all the toll income is completely tax free! Such a deal. Maybe future pensions should be funded by giving people roads directly to collect money as they see fit. Lots of public pensions are already investing in P3 projects. This is just more direct!

Here Michael Munger translates the toll bridge story to a nice class exercise for econ students.
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