From: ahk@chinet.com

conklin  wrote:
>"Adam H. Kerman"  wrote:
>>conklin  wrote:
>>> wrote:
>>>>On Tuesday, May 13, 2014 11:23:45 AM UTC-4, conklin wrote:

>>>>>As far as evidence you simply make it up, like RDU going bankrupt.

>>>>No one ever said RDU was going bankrupt.

>>>>What people did say was that RDU required significant subsidies to
>>>>function.

>>>>Relevant portions of their financial statements--showing the
>>>>subsidies--were quoted.  Curiously, you never responded to those specific
>>>>quotes.

>>>More nonsense.  Ticket tax money is not a "subsidy."  It is a user fee
>>>paid by users.  And so is the PCF.  And so forth.  And, by the way,
>>>daily operations pay for the bonds, not the taxpayer.  You don't know
>>>how to read a financial statement.

>> George, you don't get to re-define an excise tax as a user fee,

>Sorry you don't understand English.  It is a fee paid by users for use in
>air travel.  It is not a subsidy.

No, that would be airfare. If the airport isn't subsidized, I still want
to know why the airport gets to collect an excise tax on passengers in
addition to rent paid to it by airlines. Why isn't rent sufficient to
operate the airport and retire its construction bonds?

>>as it's not paid in proportion to resources consumed. That's the critical
>>difference you can't comprehend between excise taxes and user fees. If
>>there were no subsidy, airport construction bonds could be repaid with
>>fees charged to tenant airlines, not taxes on their passengers.

>   No, the user side is really paid for by users through parking fees.
>Sorry about that.

Sigh.

>>If RDU were well financed, then why can't it repay its bonds from
>>rent it receives from tenants without requiring supplemental taxes on
>>passengers?

>   It used to be paid for taxes on passengers called parking fees.  PFCs
>were added later to build a nice new terminal.  Most airports do that.  We
>avoided that for many years.  You still don't seem to know the difference
>between airside and landside.

Aren't parking fees paid by those who park?

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