Donald Trump is a self-proclaimed billionaire. Whether or not he reaches that billion dollar level, there’s almost no denying that he’s a very rich man and like most rich men, he has very rich friends. Now, his newest plan to fix the nation’s infrastructure has been released, and well, the only people who should be happy about it are his rich friends. He wants to sell the country to them, or at least he wants to sell the country’s infrastructure to them, and of course, you and I will be paying for it.
One of the rare important issues Trump addresses on the campaign trail is our crumbling infrastructure. It’s bad. The American Society of Civil Engineers recently gave our infrastructure a grade of D+. They estimate that we’d need to spend a whopping $3.6 trillion to fix it up.
Hillary Clinton has a plan to fix the infrastructure, although the proposed investment is far less than that $3.6 trillion. Now, Donald Trump has his plan. He wants to fix the problems that make us a “third world country.”
Trump won’t be spending $3.6 trillion. He plans to fix all the broken roads, bridges and airports for free, just like his wall. There’s only one problem and it’s a doozy.
Under Trump’s plan—at least as it’s written (more on that in a minute)—the federal government would offer tax credits to private investors interested in funding large infrastructure projects, who would put down some of their own money up front, then borrow the rest on the private bond markets. They would eventually earn their profits on the back end from usage fees, such as highway and bridge tolls (if they built a highway or bridge) or higher water rates (if they fixed up some water mains). So instead of paying for their new roads at tax time, Americans would pay for them during their daily commute. And of course, all these private developers would earn a nice return at the end of the day.
Let that sink in for just a moment. While men like Donald Trump take an elevator or perhaps helicopter ride to get to work, you are putting money in his rich friends’ pockets, simply because you are unlucky enough to need to use the roads.
Even more frighteningly, this plan is indicative of how Trump would run the nation. Much like the Bush administration who made a lot of rich people much richer by tapping into our Social Security and our infrastructure money, Trump won’t do a damn thing for the public, but you can be sure that the rich will get much, much richer.
Featured image via Spencer Platt/Getty Images.