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| Re: NYC Rail networks—bursting at seams? (1353054) | |||
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Re: NYC Rail networks—bursting at seams? |
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Posted by Nilet on Wed May 20 21:21:48 2015, in response to Re: NYC Rail networks—bursting at seams?, posted by Broadway Lion on Tue May 19 07:45:27 2015. Investors thought that they could make money when they built the IRT and the BMT...The city built the IRT and BMT, not "investors." ...but if I recall, it was another communist mayor who broke that up, profits *are* immoral you know. I'm not sure who this mythical "communist mayor" you're referring to is, but the city took over the IRT and BMT because there were no profits and the system was, in fact, bleeding money. Would investors take over the system today, the fare would have to go to about $5.00. No investors would ever take it over. Investors don't invest in something that's almost certain to lose money. Passenger transportation pretty much always loses money. "Investors" are not magical beings who make things work if you conduct the right rituals. (That is simply and up to date 5c) No, a 5¢ fare adjusted for inflation would be about $1.19. |
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