Posted on 04/30/2010 9:24:22 AM PDT by Willie Green
If one of these schemes were a good idea, private enterprise would have built it long ago and it would be so desirable to ride that people would pay what it actually cost to ride it.
Don't be silly.
It would be foolish for the Transit Authority to privatize and lose all the tax advantages it enjoys as a non-profit organization.
As a quasi-government agency, it can borrow money at lower interest rates than a private company by issueing tax-free bonds. Then it's also exempt from having to pay all kinds of income and property taxes.
It's a much better route to go... the private sector can't compete with it.
I guess you could call the ability to financially rape the taxpaying public a 'tax advantage'.
Look, when the ridership can pay the full cost of building and operating the railroad, then it will be acceptable. But at this point, all we have is a bonified redistribution scheme - robbing the tax dollars from the productive to give cheap rides to the deadbeats. Like all transit systems - like all leftist governments really - it's all about getting someone else to pay for it.
But at this point, all we have is a bonified redistribution scheme - robbing the tax dollars from the productive to give cheap rides to the deadbeats.
Don't be silly.
Most local businesses recognize that transit commuters are their employees and customers... not "deadbeats". And it benefits the whole community to provide economic transportation.
The only real opposition are the special interests who don't welcome the competition: taxi & bus driver unions, gas station owners... anybody wanting to gouge commuters pockets by depriving them of a choice.
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