if the federal government just hands over money with inadequate oversight it will just enrich the companies.
The worst part of this is that that money is not just wasted, it’s used to lobby politicians to make it worse.
And to be clear, the railroads don’t need more money, back when Biden banned Warren Buffet’s railroad from striking, I did the math, they could afford to double their work force, giving them all half the year off, and pay each one of them 100K/year, and still give the shareholders multiple billions a year.
The worst part of this is that that money is not just wasted, it’s used to lobby politicians to make it worse.
And to be clear, the railroads don’t need more money, back when Biden banned Warren Buffet’s railroad from striking, I did the math, they could afford to double their work force, giving them all half the year off, and pay each one of them 100K/year, and still give the shareholders multiple billions a year.
Absolutely, Robber Barons have been a thing since the rails were laid. It’s a shit system and the main reason we don’t have highspeed rail.