Congestion Tolls Are Not Just a Transfer to Government

The old objection that congestion pricing merely transfers money from drivers to government is outdated; advances in microeconomics on heterogeneity (people have different and day-varying values of time) plus technology that allows differentiated real-time pricing let high-value-of-time users self-select into paying more and being made better off, while others pay less—so road pricing can genuinely benefit consumers rather than simply redistributing revenue.