This is a common libertarian argument. And I think it'd be very interesting to see in practice. I live in a state with many toll highways and people complain about the cost. But those highways are well maintained. And they complain about the potholes on the free roads. So I think it's more of an issue of people wanting everything for nothing.
One problem with a private road system is that roads take up space and prevent people from using that space for something else. I think that property tax on road surface area would be prohibitively expensive if a private entity were to own it.
Another problem is that building or expanding a road through an already populated area basically requires eminent domain.
As strange as it is, the average person has many an opinion on roads and road maintenance, but very little understanding of the costs involved and where the money comes from. Also, I agree that everyone does want everything for nothing and complain vociferously if those free things are taken away.
Any subsidization of transportation requiring costs such as an automobile, insurance, licensing, and gas are also regressive; making a great argument that tolls should fund public transit (but with opportunity that that goes towards busses, rideshares etc in the private sphere too)
Roads would still be built and planned by governments. But privately owned. See Highway 407 in Toronto, which was "sold" (100 year lease) to generate revenue.
Private ownership should be the product of private development in my opinion. Especially when what you'd be doing is granting a monopoly over a public asset.
We should never privatize profits deriving from public investment.
Highway 407 is a great example of what for profit highway systems look like: high prices, dynamic pricing, tons of hidden fees. Prices per mile are something like $0.80-1.00USD (for passenger cars), not including a few bucks in fees. When I traveled to Toronto for work, my bill per trip on the 407 was at around $50USD. This was in around 2014 and I imagine that prices have gone up a lot since then.
According to wikipedia, for each dollar collected by the 407, $0.21 goes to maintenance, and $0.79 to profits ($0.66 are paid out in dividends). The 407 collects $1.3 billion dollars annually with double-digit annual growth.
Private roads are economically unsustainable and serve only to leech wealth from society.
I do not agree in the least. Roads should be publicly owned and maintained. Private corporations will always seek to squeeze every last drop of money out of commuters because they are effectively a monopoly, especially on very long chunks of highways.
I didn't say I agree with that position. I think it's a terrible one, and the government that sold the 407 was incredibly misguided. But that's how it would work.
One problem with a private road system is that roads take up space and prevent people from using that space for something else. I think that property tax on road surface area would be prohibitively expensive if a private entity were to own it.
Another problem is that building or expanding a road through an already populated area basically requires eminent domain.