Personal Finance

3808 readers

1 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago

MODERATORS

[email protected]

nieceandtows

[email protected]

132

Americans can no longer afford their cars (www.newsweek.com)

submitted 10 months ago by [email protected] to c/[email protected]

57 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 4 points 9 months ago* (last edited 9 months ago) (1 children)

You'd need huge investment in high speed rail. Tokyo to Osaka is about the same distance as Chicago to Des Moines Iowa. 3hr train vs 5 hr car ride. We could do it... But the density of travel between those locations would make a project like that a very poor investment, so the government would have to pay the bill knowing it would be at a loss.

Then you build this rail.

That's the easy part.

Now I have to convince Des Moines to invest in better bus systems or trolleys to get people around in the city and the outlying residential areas. This is where these projects fall flat. Getting local municipalities to invest in public transit. Hundred people get off in Des Moines and unless someone is there waiting for them or they have their bike or left their car there. They're stranded.

Its not sexy. It won't get you re elected. It won't be done in your term.

[–] thedevisinthedetails 1 points 9 months ago

Japan's entire system is privatized no?