Summary: This plan auctions off Amtrak to whatever private companies think that any parts of it are profitable and can run it more efficiently, with no cost to the taxpayers and better service to train customers.
Released: Filed Under: Stoa Policy
About "Flying Off The Rails"
In the late 1960s, America’s passenger railroads were going bankrupt. Congress decided to have the federal government take over the failing rail lines and have the federal government operate a single system of passenger rail, keeping it in business with any necessary taxpayer subsidies.
The resulting passenger train system, Amtrak, has been a fiasco. It has never returned to profitability, instead eating up billions of dollars in taxpayer funding for trains that hardly anyone rides. Since buses and planes are faster and/or cheaper and/or more convenient, there’s really not much use for passenger trains any more. As long as the government runs the trains, they will be run inefficiently and both consumers and taxpayers will suffer.
This plan auctions off Amtrak to whatever private companies think that any parts of it are profitable and can run it more efficiently, with no cost to the taxpayers and better service to train customers.
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