Click here to view original web page at www.cato.org
President Biden has proposed a $2.3 trillion infrastructure plan. It moves entirely in the wrong direction by increasing subsidies and centralizing power. A better approach would be to end federal subsidies and decentralize infrastructure ownership and decisionmaking.
Biden’s infrastructure subsidies would go to: 1) federal government assets, 2) state and local government assets, and 3) private assets. The following summarizes Biden’s proposed subsidies for each type of asset and the better reform approach of freeing assets from federal control.
1. Federal Government Assets
Biden would subsidize Amtrak $80 billion. Instead, passenger rail should be privatized and de‐unionized to reduce costs and increase flexibility to run the system efficiently based on consumer needs, not political directives.
The federal government should also privatize the air traffic control system, the U.S. Postal Service, the Tennessee Valley Authority, and its water supply infrastructure. All these assets would be better managed in the private sector supported by user charges.
Click here to view original web page at www.cato.org
They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
For us to continue to deliver the truth that Americans need to read and hear, we ask you, our amazing audience, for financial assistance. We have a Giving Fuel page to help us pay the bills. It’s brand new so don’t be discouraged by the lack of donations there. It’s a funny reality that the fewer the donations that have been made, the less likely people are willing to donate to it. One would think this is counterintuitive, but sometimes people are skeptical because they think that perhaps there’s a reason others haven’t been donating. In our situation, we’re just getting started so please don’t be shy if you have the means to help.
Thank you and God bless!
JD Rucker
