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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Wednesday, May 18, 2005

Tolls..What is The Standard Talking About?

There has been much debate over the raising of tolls in the Eastern Harbor Tunnel crossing from HK$15 to HK$25. As contractually stipulated, the owner of the tunnel has the right to raise fares by stipulated amounts and the tunnel has done so legally. But the Standard's opinion piece makes this bizarre comment:
The question is not why the Eastern Harbour Crossing toll is HK$25, but why the main Cross-Harbour Tunnel is just HK$10.
It seems blindingly obvious that the toll is too low. The Cross-Harbour Tunnel is a limited resource; it was already congested.

Well, I took the main Cross-Harbor Tunnel this past Sunday morning to church and it was still HK$20 not HK$10 as he states. I think that it was HK$10 back in 1995 or something! When was the last time you paid the toll in the tunnel Mr. Gordon?

Overall, I do not see anything wrong with paying the prices that we do for the tunnel crossing. With fuel costing HK$12 per liter and car yearly registration fees topping HK$5,000, driving is a luxury and the 'right' to cross the harbor in a tunnel should not be a guaranteed low price.

The Hong Kong legislature has been considering several proposals including buying the private tunnels [The main Cross-Harbour tunnel ownership has already reverted back to the government]that would cost billions of taxpayer dollars. This proposal is just another disgusting tycoon related payout, and serves to enrich these people at the expense of the rest of us.

I could rant for hours on this kind of thing, but its a waste of time and only makes me angry. I will save my tycoon rant for another day.

1 Comments:

At 5:15 PM, Blogger Spike said...

While I find the debate over the tunnel tolls mostly silly and an excellent example of HK's often misplaced priorities, there is one exception here - the people who are driving for business. They may not have the option to take public transport and if they need to cross the harbor several times per day, this can add up and mean that they will need to raise prices for their own goods or services, whatever those may be. (BTW, have not seen any mention - were tolls also raised similarly for trucks?) And people crossing the tunnel in taxis also need to pony up more - a lot more since many will be paying the taxi driver two times the toll. So it's not just the private car owners (who should shut the hell up about this, and I'm a private car owner/driver myself).

 

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