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Government always has a great idea. This one is a doozy. It will cost $200 billion to build a high speed rail system in California. That includes principal and interest. That does not include a dime to operate this union monopoly choo-choo train.
"The $42.6 billion San Francisco-to-Los Angeles bullet train expected to begin operation in 2020 could directly cause operations at the San Jose, San Francisco and Oakland airports to drop 6.1 percent, said the independent report released this week."
So, the taxpayers lose:
Airline jobs
Airport jobs
sales tax revenues from sale of products and plane tickets
billions in subsidies of the money losing choo-choo train
workers will be forced to pay bribes to work
lots of costly negative environmental impacts
The winners?
special interests
contractors who paid for the passage of the bond measure
monopoly unions
More...
"The $42.6 billion San Francisco-to-Los Angeles bullet train expected to begin operation in 2020 could directly cause operations at the San Jose, San Francisco and Oakland airports to drop 6.1 percent, said the independent report released this week."
So, the taxpayers lose:
Airline jobs
Airport jobs
sales tax revenues from sale of products and plane tickets
billions in subsidies of the money losing choo-choo train
workers will be forced to pay bribes to work
lots of costly negative environmental impacts
The winners?
special interests
contractors who paid for the passage of the bond measure
monopoly unions
More...