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Re: O/T Indiana Toll Road


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Posted by RodInNS on July 23, 2008 at 06:17:02 from (24.224.246.156):

In Reply to: Re: O/T Indiana Toll Road posted by IndianaRed on July 23, 2008 at 05:30:44:

I didn't say that larger corporations are bad. They serve a purpose. I said that they have no inherent goodness in their makeup to look out for ANYONE or ANYTHING other than their bottom line. Their sole responsibility is to their shareholders and nobody else. In fact, it's their fedicuary duty to produce the best result they can for their shareholders. Every decision revolves around the bottom line. It's purely about money and NOTHING else.... so yes, there will be a winner and a loser when you're dealing with them. Whether the little guy loses or not is up to him. I don't believe that it has to be that the little guy loses, but I don't think for a second that the corporation is looking out for me. To think anything else would be naive.

It's different if you want to go out and deal with a friend or neighbour, etc. Then there are several other factors involved in any deal that can lead to a good deal for both, and sometimes both get a good deal. Sometimes not... It just depends.
Again, I simply do not believe that a corporation is doing this from the goodness of their hearts. If some of the other 'facts' tossed around in this thread were even close to right it would amount to a massive profit for this consortium. Even if they made 10% of the 140 billion that someone tossed out there that would still be a big chunk of change. What if the state netted that 140 billion rather than a private consortioum? One could then look at this as the state borrowing 9 billion at a cost of 140 billion... Actually, that sounds about typical of most government thinking. Ask yourself again if it wouldn't be worth the State's time to clean up their act and run their operation tighter rather than hand a plum out to their friends to lace their pockets at the taxpayer's expense. That's what WILL happen because I don't believe for a second that even a fraction of that projected profit will come from operational efficienceis that the State couldn't get. Not one cent. It will all come from your pockets.
Any entity when it grows to a certain size becomes bureaucratic, and great inefficiencies lie in that bureaucracy whether it's government run or privately run. Look at IBM, Microsoft, banks, oil companies, steel companies, GMC, Ford, and who knows how many more... It isn't just the government.
For what it's worth, I don't travel on toll roads with the exception of ferries and the occasional toll bridge. As far as I'm concerned, if I'm paying tax on fuel, they can damn well maintain the roads with that. I'm not paying twice. It's generally no more time consuming to drive around the toll road anyway.

Rod


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