this post was submitted on 19 Mar 2026
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Explain Like I'm Five

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ELI5 What is the difference between a tax and a bond.? Is not a tax ongoing and the bond has a cutoff limit? If so then why do people gripe about taxes when they can have bonds? (lemmy.world)
submitted 5 days ago by Patnou@lemmy.world to c/explainlikeimfive@lemmy.world
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[–] captainlezbian@lemmy.world 3 points 5 days ago

Yeah a good example of responsible use of bonds is the Seattle metropolitan area issued bonds to build a light rail system then to expand it multiple times. This enables denser housing, less spending on highways, and just generally increases the area's financial viability. They've bet that that money will either be worth it in the long run of slowly paying it all off or that it'll produce enough taxable revenue to pay it off.

More cities should follow their lead here.