Quote:
Originally Posted by trollface
To dig a little more into this, do you know what accident costs are rolled in there and how far down the line it goes?
When someone gets injured on a bike and has life-changing injuries, how far down the line are they going with these costs? IE: The lawyers, payout, rehab, loss of income, loss of potential income, ongoing physio, mental health etc.
It reminds me of the story about recycling. We just forget about the huge trucks that have to pick it up, the employees, the processing plant, the gas, the electricity etc.
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I do not and the article calls out that their accounting isn't a complete picture BUT it uses that standard of full cost accounting which is what's done as the norm in Europe for accounting of costs. This is also a commonly accepted method used by environmental agencies like the EPA (which puts a price on a life when calculating the impact of CO2 for example).
If your question is to ask if this is voodoo accounting the answer is that it's not - while incomplete it's meets the standard to be a standard and is increasingly used because, while incomplete, it's significantly more accurate than other methods of accounting for these situations.
You can read about full cost accounting at some of these sites:
https://en.wikipedia.org/wiki/Enviro...ost_accounting
https://www.investopedia.com/terms/f/full-costing.asp
(there's a lot more out there)
The underlying point stands - cars are MASSIVELY subsided by gov't (and taxpayers) and car owners don't pay anywhere near their fair share of the costs of operating a car. $45 for a parking permit (much less fuel taxes) is trivial in terms of trying to get car owners to pay fairly.