This story about the ernormous cost (over $1,000 per taxpayer) of the US’ proposed fast rail system is a few days old. And I like trains. Oh, I said that.
But even so, it is more proof of my view that anything that needs to be subsidised probably shouldn’t be.
That certainly includes wind power, and the arts. Or is that a tautology?
Anyway, governments subsidise things because otherwise they would not be successful. If they would not be sucessful without subsidies, they won’t be successful for long even with subsidies.
In the meantime, they cost you money even if you don’t use them, and cost jobs as well.