Why Elon Musk Is Right: The Case Against Subsidizing Amtrak | ZeroHedge
Authored by J.D.Wong via The Mises Institute,
Founded 54 years ago, Amtrak set out on a bold adventure to see if passenger trains could be profitable.
Fast forward to today, this experiment has been unsuccessful. Politicians have often crafted routes to win votes rather than attract riders.
As a result, Amtrak has been squandering taxpayer money since its start in 1971.
Take, for instance, the Infrastructure Investment and Jobs Act of 2021. It allocated a (more…)