Mostly funding for large projects in our state come from taxpayers, and with the Federal Goods and Services Tax, everyone is a taxpayer, regardless how poor you are. Would Sydney's Opera House ever be built if it came from government monies? I doubt it. It had its own lottery which presumably funded most of it.
There is a foreign company known as Intralot now involved in gambling in our state. They don't seem to be doing terribly well. For all the evils and secrecy of Tattersalls, they have been around for so long and people trust the name. My grandfather probably bought a Tatts ticket when he was young. A lot of these gambling companies' earnings go to the government in the way of taxes which funds many things, but I am not sure I am really comfortable with the poor losing money in poker machines to fund projects I will appreciate.
As you would guess comrade, a good communist like myself has issues with public private partnerships. In days of old, people used to buy government bonds in public utilities to fund large projects. It was a safe investment, government gauranteed was the mantra, and paid an average return. Not high, but not too low and safe!
If our public transport was still run by the government, I think the explosion in numbers using it would indicate it was a very safe investment if the model was slightly altered from fixed interest. Think of it. We need to invest in public transport to make it first class. When we have, you will make a nice return.
Ah, I hear you saying something. Shares in Connex. I don't think so, although for all their troubles, with the gov subsidies, they still return a good profit..........until they sacked for poor performance.
I would like to a lot more people being able to directly invest money in something they feel confident about, and lotteries for specific projects.
It might be pie in the sky, but it used to work on both counts.