High Speed Rail – Wise or Waste
I call your attention to two articles, one in the Washington Times and the other by Cato’s Randal O’Toole. These articles point to the issues with the planned high speed rail system and the problems with making it pay, or even serve the people who might use it.
It is said that only one high speed rail line in France actually breaks even, and those being built in China will cost more to ride on than 98 percent of the population can afford.
In the end, however, it goes back to the free market. If high speed rail was wanted by the marketplace, someone would build it. Having it foisted on the population by the government because it seems “cool” or “neat” makes no sense. And subsidizing the project by everyone’s taxes so a few can ride it makes even less.
As O’Toole points out, in 15 years cars will be extremely environmentally friendly, and even today two people riding in a vehicle has a smaller carbon footprint than two people in a train travelling the same distance. Is the goal really to “save” the environment, or is it to cajole us into living a certain way.
I wouldn’t sell my garages and lay off the valets yet, gang. Cooler heads may just yet prevail.