Subsidized Amtrak Enriches Those Who Run It
You don’t want government running anything it doesn’t have to run, because it is based on coercion rather than performance and is therefore inherently corrupt and inefficient. Bureaucrats can keep a government-owned business alive indefinitely with subsidies, but its only real purpose will be to facilitate the transfer of our wealth to the parasites who rule over us. Consider Amtrak:
The rail company paid its 19,000 employees an average salary of $121,000 for fiscal year 2022, with the exact numbers being hidden by Amtrak through its use of an exemption to the Freedom of Information Act (FOIA). The exemption permits the government to withhold information on personal privacy grounds, while top executives whose salaries were reported made between $504,000 and $780,000, according to Open The Books, citing payroll data acquired through FOIA requests.
Since its establishment in 1971, Amtrak has never turned a profit and predicts that it will continue to lose roughly $1 billion per year, leaving taxpayers to cover most of its losses, according to the House Committee on Transportation and Infrastructure.
From our rulers’ point of view, Amtrak is a booming success. It serves as a firehose that blasts other people’s money at the people who run it, who are too incompetent to operate a business that would survive in the public sector.
On a tip from R F.
The post Subsidized Amtrak Enriches Those Who Run It appeared first on Moonbattery.
Source: https://moonbattery.com/subsidized-amtrak-enriches-those-who-run-it/
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