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To: Publius

Why anyone in their right mind would want to buy Amtrak?

"Amtrak represents just .007 percent of all daily commuter work trips and just 0.4 percent of all passengers making intercity trips.
Amtrak's typical riders are not low-income Americans. Only 13 percent have incomes below $20,000.
Amtrak has virtually no impact on reducing traffic congestion, pollution, or energy use. Even a doubling of train ridership would reduce energy consumption and traffic congestion by less than 0.1 percent.
Amtrak is by far the most highly subsidized form of intercity transportation. The average taxpayer subsidy per Amtrak rider is $100, or 40 percent of the total per-passenger cost. On some of the long-distance routes, such as New York to Los Angeles, the taxpayer subsidy per passenger exceeds $1,000. It would be cheaper for taxpayers to close down expensive lines and purchase discount round-trip airfare for all the Amtrak riders."
http://www.cato.org/pubs/pas/pa-266.html


18 posted on 10/22/2005 5:48:38 PM PDT by kellynla (U.S.M.C. 1st Battalion,5th Marine Regiment, 1st Marine Div. Viet Nam 69&70 Semper Fi)
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To: kellynla
It would be cheaper for taxpayers to close down expensive lines and purchase discount round-trip airfare for all the Amtrak riders.

Does that CATO Institute take into account the multiple multi-billion dollar bailouts we've made of the airline industry? We'd pay for the ticket and still be subsidizing the trip atop it.
22 posted on 10/22/2005 5:54:41 PM PDT by kingu (Draft Fmr Senator Fred Thompson for '08.)
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