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| Re: Budget Concerns Threaten To Derail Fulton Transit Hub (561907) | |||
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Re: Budget Concerns Threaten To Derail Fulton Transit Hub |
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Posted by Kew Gardens Teleport on Thu Jan 31 04:46:31 2008, in response to Re: Budget Concerns Threaten To Derail Fulton Transit Hub, posted by Russ on Wed Jan 30 20:38:13 2008. because the area was rezonedExactly. The argument comes down to "because we say so", which is ultimately a form of begging the question. The City was able to get $2 billion in bonds sold because their argument was quantifiable and credible. That has nothing to do with the quality of the argument. This type of financing is suitable for any area where the property taxes generated by new real estate development covers the debt service. Unfortunately, this is the only area in New York City where this has worked to date. It hasn't worked yet. If this can be replicated in other areas, great! I'll be as happy as anyone else to see more subway construction. I just don't believe that this type of real estate development opportunity will ever be replicated in New York City. You are missing the point entirely: The reason petitio principii is considered to be a fallacy is not that the inference is invalid (because any statement is indeed equivalent to itself), but that the argument can be deceptive. A statement cannot prove itself. A premiss must have a different source of reason, ground or evidence for its truth from that of the conclusion. |
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