Far from being vital to American cities, public transit is a parasite, draining the wealth of those cities and producing little in return. A paper released today by the Cato Institute notes that ridership is declining despite increasing subsidies and the usual justifications for those subsidies no longer apply.
Click image to download a PDF of this report. Click the link in the previous paragraph to read an HTML version of the report.
Needless to say, the paper was written by the Antiplanner and brings together in one place many Antiplanner policy briefs published in the last few months. These include the briefs on 2018 transit commuting, 2018 transit ridership, transit’s lack of energy efficiency, recent transit history, transit capital costs, and transportation costs and subsidies by mode. Continue reading
