The great Tim Carney, the Washington Examiner’s
muckraking Mozart, lays
into Virginia Governor and alleged conservative Bob McDonnell
for supporting a new raft of tax increases and infrastructure
improvements:
The transportation bill McDonnell supports would hike sales
taxes to 6 percent in Northern Virginia (up from 5 percent),
rejigger the gas tax and index it to inflation and increase taxes
on home sales. This tax revenue, along with more money from the
general fund, will provide what the Fairfax Chamber of Commerce
calls a “sustainable fund” for transportation, with the hope of
alleviating traffic congestion.
But even if the plan fleeces ordinary people, they stand to
spend less time in traffic. Right?
If you think all this new pavement will mean less congestion,
consider these other supporters of McDonnell’s plan. The Virginia
Automobile Dealers Association signed on, presumably expecting more
people to buy cars if there are more lanes. The Home Builders
Association and the Virginia Association of Realtors back the bill,
too, foreseeing more homes in Loudoun and Fauquier counties. So you
get more lanes, but also more commuters and more drivers. The
result could be the same amount of congestion.
Carney’s suspicion is well-grounded in economic theory. The time
we expect to spend in traffic is the price we are willing to pay
for the convenience of using the roads at a given point each day.
Increased capacity may simply mean more time spent on the road as
more people use it. The previous equilibrium may be reached
again.
As someone formally trained in economics, it is my vocational
duty to disclose an even more dismal possibility: Braess’
paradox. If capacity is added to a network, such as a road
system, the actions of the self-interested individuals using it
may, under certain circumstances, actually increase transit times.
As with any such economic theory, there is a ceteris
paribus assumption: All else is assumed to remain equal. No
construction of additional housing or increase in the user base.
And both can be expected thanks to this plan.
To be clear, the mathematics behind this theory are far over my
head, and estimating the risk in this case without specific
information is virtually impossible. But real-world cases of this
phenomenon
have been observed. Virginians must steel themselves against
the prosaic insult of injury compounded upon injury.