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Why public-private partnerships are anti-taxpayer
Link to article here.
By Mike SpinelliApril 29, 2022MSN.comYou’ve heard the stories: Irv Gordon’s three-million-mile Volvo; Rachel Veitch had the oil in her Mercury Comet changed every 3,000 miles since 1964; a 102-year-old man drove the same car for 82 years. In the car world, we think of these rare owners as moral heroes. Whatever their reason—sentimentality? Yankee thrift? Obsessive compulsion?—they’ve sacrificed the novelty of the new for a durable relationship. They’ve won a marathon most of us don’t bother running.
I’ve been thinking a lot about long-haul car owners as we race toward a technology inflection that will upend the more than a century-old custom of car ownership. Rather than maintain their vehicles lovingly over decades, the Rachel Veitchs and Irv Gordons of the not-so-distant future—if any might still exist—will be compelled to trade them in for reasons that would have read like science fiction to car buyers of the past.
In essence, it won’t make sense to form a bond with a vehicle that’s not really yours and runs on software someone else controls.
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