If this were true, then Amtrak, the New York Metropolitan Transit Authority, and pre-priviatization BritRail would all have generated plenty of revenues to fund their operations and maintenance. But they didn’t and don’t; instead, they require huge subsidies and even then offer poor service due to unfunded maintenance backlogs.The left hates profit, but doesn't realize (or perhaps want to realize) that profit more than anything is a signal on what customers want. Eliminate profit by putting the government in charge and the signal will shift to what politicians want. Always. The Antiplanner concludes his post with why that fails:
Profits serve the important purpose of giving people and companies incentives to provide the services that consumers want. In contrast, when government run things, the needs of consumers are soon obscured by demands from public employee unions, manufacturers, and other suppliers to the government agency. The mission of providing transportation is soon replaced by such multiple missions as providing jobs, boosting economic development, and protecting the environment. The result is that profitable operations become money-losing operations and the needs of consumers are forgotten as unions and suppliers capture most of the revenue.
But politicians are more concerned about getting elected today than the negative impacts of their policies tomorrow.No wonder lefties don't want to think about this.