Another Political Slush Fund

Charles Peirce — Blackwell proposed to sell the Ohio Turnpike. I like privatization in principle, but I doubt that Ohio politicians can be trusted to privatize anything without giving the assets to their cronies. If we are not extremely cautious, it would be a Russian-style privatization that favors some big contributor.

The use suggested for the proceeds is even more questionable. He mentioned an Ohio Venture Capital Fund, which would be a slush fund for the politically connected firms, and programs to stabilize energy prices–again giving money to politicians to play their games.

If we privatize anything, give the gains to taxpayers immediately in the form of tax reductions.

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