[whoknowsidont]

>I have for the toll roads I drive on.

Link me so I can draw some circles for you.

> to argue it's funded primarily, originally through tax dollars

Do you know how bonds work? It's an isomorphic operation. A state entity is issuing bonds out to creditors. A lot of those major creditors will also be secured creditors.

It's the same thing, just covered under a sleight of hand trick.

So the state borrows money from a select few major creditors but it's "wink wink" not against the full faith and credit of the state, then regulates a consumption tax on the road, and the investors and authority get a slice of the pie.

For what purpose?

And when the toll roads fail either the creditors are paid out either through the state out right buying the road or allowing the debt to be a tax write off over X amount of time.

>This "viewpoint" is otherwise known as "reality".

This American brainworm is exhausting, ngl. Buddy you're getting bamboozled by a few vocab words and a 3 step accounting trick, please don't presume to talk to anyone about reality.

[vel0city]

> Link me so I can draw some circles for you.

https://www.ntta.org/sites/default/files/2025-06/06-27-2025_...

> then regulates a consumption tax on the road

Yeah, the toll. One assumes you're not talking about the toll but other tax revenues when you're complaining about tax payers paying for the road. Obviously the tolls go to pay for the toll road, so what's the point otherwise about talking about the taxpayers paying for it?

Buddy it's really exhausting ngl having people always assume every toll organization is a private enterprise. It's not just a 3 step accounting trick, please don't presume you know how every toll arrangement is made.

And if your point is the idea of government bonds going to private investors, well, how do you think the freeways are financed? How does it make a difference then if it's a freeway or a toll road or a library or a playground? It's all financed in largely the same way. Government bonds issues to selected investors.

[whoknowsidont]

You didn't link me to the thing that we are discussing. You linked me to a current financial report, that of course just lists the tolls.

Do you understand how bonds are issued?

But, since you're seemingly in Texas and are completely unaware of a vibrant example of the type of outcomes I'm discussing, here's one right in your home state from 2017.

https://austincountynewsonline.com/texans-angered-sh-130-ban...

>According to the terms that emerged from bankruptcy court, all of the private entity’s $1.4 billion debt was wiped away, leaving federal taxpayers left holding the bag for the $430 million federally-backed Transportation Infrastructure Finance and Innovation Act (TIFIA) loan given to the private entities.

>Some are asking why the state of Texas didn’t step in and insist the public interest was protected and defended in bankruptcy court. Taxpayers have a right to know why they didn’t get the road back, why their $430 million federal TIFIA loan was wiped out, and why they have to continue paying tolls for another 45 years to use a road that’s lost $1.2 billion of its $1.4 billion original value. The state also had a revenue sharing agreement with the previous owners, Cintra-Zachry. Will the state ever see any of that promised toll revenue?

Would you care to explain that in the course of this discussion, why that very recent and very vibrant example of the exact thing being discussed did not resonant with you?

I mean you clearly implied that you've read these financial reports before, so it raises lots of questions about your motivations and I dare say, honesty.

EDIT: Here's another one! https://trb.bank/case-study/north-texas-tollway-authority/

lmao