Re:The Koch brothers are campaigning against tax rises for p...
by BadThink6655321 on Tuesday June 19, 2018 @09:17AM
(#17346280)
No mass transit system makes a profit, at least the last time I talked to someone who was heavily involved in the numbers. They require a subsidy of, what was it, 70%? That doesn’t make it wrong, but it has to be considered.
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Re:The Koch brothers are campaigning against tax rises for p...
by rostigerpudel on Tuesday June 19, 2018 @09:51AM
(#17346567)
That is wrong. The Munich public transport system has been turning a profit for at least 15 years out of the last 17. For the two missing years, I did not find numbers or sources, but it's probably the same.
Pretty sure there are others that run successfully.
BTW only road systems where you pay for every mile you drive (see e.g. motorways in France, Spain, Italy) turn a profit. All others are, basically, just a waste of taxpayers money ;-)
It's usually failed policies and nincompompous administration that make public transport systems fail.
Sources: >https://translate.google.de/translate?sl=auto&tl=en&js=y&pre... >https://www.swm.de/dam/swm/dokumente/unternehmen/swm/geschae...
Re:The Koch brothers are campaigning against tax rises for p...
by sseveran on Tuesday June 19, 2018 @09:50AM
(#17346555)
MTR in Hong Kong was making $2B per year in profit. The model they use is largely the same one being tried in Florida where real estate projects are integrated with the rail system.
http://money.cnn.com/2015/03/30/news/hong-kong-mtr-subway-pr...
Re:The Koch brothers are campaigning against tax rises for p...
by mikeash on Tuesday June 19, 2018 @09:29AM
(#17346362)
No road system makes a profit either, but very few people seriously discuss getting government out of the road business.