Is Andrew Donaldson an idiot?

A

Albereth

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The treasury is joining in the etoll saga and they believe that it has to go ahead because SA economy will be affected if it doesn't.

Clearly we have people who do not understand economics working in the treasury.

Let's say that you get 10 km to the litre of petrol. Driving on the toll road for 10km will cost you R3.40 - that is an extra R3.40 per litre. Whereas an 8c per litre levy on the fuel price would do the job just fine and would leave R3.32 per litre in the drivers' pockets to really grow the economy.

But I guess shipping all of our money off to Austria really grows the economy in a way I just don't get.
 
Albereth said:
The treasury is joining in the etoll saga and they believe that it has to go ahead because SA economy will be affected if it doesn't.

Clearly we have people who do not understand economics working in the treasury.

Let's say that you get 10 km to the litre of petrol. Driving on the toll road for 10km will cost you R3.40 - that is an extra R3.40 per litre. Whereas an 8c per litre levy on the fuel price would do the job just fine and would leave R3.32 per litre in the drivers' pockets to really grow the economy.

But I guess shipping all of our money off to Austria really grows the economy in a way I just don't get.
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Just pay your damned taxes and fees and stop being such a honky man, flippet!
 
Why should he pay? Don't pay man! There must very good reasons why one should part with hard earned 1c.

Sent from South Africas most popular smartphone BlackBerry
 
Albereth said:
The treasury is joining in the etoll saga and they believe that it has to go ahead because SA economy will be affected if it doesn't.

Clearly we have people who do not understand economics working in the treasury.

Let's say that you get 10 km to the litre of petrol. Driving on the toll road for 10km will cost you R3.40 - that is an extra R3.40 per litre. Whereas an 8c per litre levy on the fuel price would do the job just fine and would leave R3.32 per litre in the drivers' pockets to really grow the economy.

But I guess shipping all of our money off to Austria really grows the economy in a way I just don't get.
Click to expand...

The comrades did not struggle to be poor.
 
Preface and chapter 1 from Bobs book, Looting an African economy.

I see

Sent from South Africas most popular smartphone BlackBerry
 
Never mind stealing from Paul to pay pete. Here we kill Paul and only pay Pete a quarter of what is due. This is killing taxpayers.
 
Albereth said:
!st of May and the world didn't end because the tolling didn't start.
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The main reason that the Treasury is with the eTollie is because they (the Treasury) will have to at the end of the day, pay up on the Government Retirement fund, of which R17bn (iirc) was invested in the eToll project. Which is understandable.
 
It's a bit of an ignorant question but, the R17bn being spoken about, was that spent on infrastructure or was it spent entirely on a revenue collection system?
 
Nick333 said:
It's a bit of an ignorant question but, the R17bn being spoken about, was that spent on infrastructure or was it spent entirely on a revenue collection system?
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It's effectively a loan to SANRAL with the [justifiable] hope of good return. I have no idea what it was spent on.
 
froot said:
It's effectively a loan to SANRAL with the [justifiable] hope of good return. I have no idea what it was spent on.
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But, we're essentially talking about paying for a revenue collection system that we wouldn't have to pay for if government had bothered with a consultation process? I mean it wasn't used to build roads?
 
Nick333 said:
But, we're essentially talking about paying for a revenue collection system that we wouldn't have to pay for if government had bothered with a consultation process? I mean it wasn't used to build roads?
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Either a) Building roads or b)building gantries.
Either way, SANRAL owes the Government R17bn, which has to be paid back, including interest.
 
Nick333 said:
But, we're essentially talking about paying for a revenue collection system that we wouldn't have to pay for if government had bothered with a consultation process? I mean it wasn't used to build roads?
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Are you serious ?
 
fantasticfred said:
But I mean they built what you call a toll ROAD. It should be relative obvious that the building of a toll ROAd involves the building of a ROAD.
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You really do try to hard to be clever.

I do know for a fact that gantries were built over the N1 which has been there for decades, so it can't really be said that they built a toll road in the case of the N1.

My point is that 17bn wasn't spent on a tolling system. The majority of that money was, presumably, spent on roads (improvements most likely, not actual new roads for the pedantic among us) not on a tolling system.

So, while I am angry about wasting money on building a tolling system that quite literally amounts to highway banditry, it's not quite true to say 17bn was wasted on a tolling system. I'm trying to establish that we're not now paying for a white elephant to the tune of R17bn.
 
It may or may not have an impact on the economy, but it will have an impact on his pay increase (me thinks), thats why he is worried.
 
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