The Toronto Transit Commission employee’s union, in response to several embarrassing situations recorded by the public and mentioned earlier in this blog, are striking back in classical fashion. They believe that the miscreants, caught by camera sleeping during duty, or neglecting their jobs, are the victims, not the perpetrators, in the story of wasting public money. They will wax indignant and pretend injury when they are the injurers. One wonders what the real price of a subway fare is, once all the costs are added in. We’ll never know, but the spin machine will keep insisting it’s a bargain. Once again, say “public good”, but mean, “Keep the subsidies coming.”
Here are some facts
“The Heritage Foundation says, "There isn’t a single light rail transit system in America in which fares paid by the passengers cover the cost of their own rides." Heritage cites the Minneapolis "Hiawatha" light rail line, soon to be completed with $107 million from the transportation bill. Heritage estimates that the total expense for each ride on the Hiawatha will be $19. Commuting to work will cost $8,550 a year. If the commuter is earning minimum wage, this leaves about $1,000 a year for food, shelter and clothing. Or, if the city picks up the tab, it could have leased a BMW X-5 SUV for the commuter at about the same price.”
Only a third of the operating budget is covered by fares. The supposed benefits are conferred by paying for the construction costs and continuing subsidies. Imagine a business which got its infrastructure and equipment free and still lost money.
Cheerio and ttfn,
Grant Coulson
Cui Bono–Cherchez les Contingencies