California Will Not Complete $77 Billion High-Speed Rail Project (reuters.com)
An anonymous reader quotes a report from Reuters: California Governor Gavin Newsom said on Tuesday the state will not complete a $77.3 billion planned high-speed rail project, but will finish a smaller section of the line. "The project, as currently planned, would cost too much and take too long. There's been too little oversight and not enough transparency," Newsom said in his first State of the State Address Tuesday to lawmakers. "Right now, there simply isn't a path to get from Sacramento to San Diego, let alone from San Francisco to (Los Angeles). I wish there were," he said. Newsom said the state will complete a 110-mile (177 km) high-speed rail link between Merced and Bakersfield. In March 2018, the state forecast the costs had jumped by $13 billion to $77 billion and warned that the costs could be as much as $98.1 billion.
California planned to build a 520-mile system in the first phase that would allow trains to travel at speeds of up to 220 miles per hour in the traffic-choked state from Los Angeles to San Francisco and begin full operations by 2033. Newsom said he would not give up entirely on the effort. "Abandoning high-speed rail entirely means we will have wasted billions of dollars with nothing but broken promises and lawsuits to show for it," he said. "And by the way, I am not interested in sending $3.5 billion in federal funding that was allocated to this project back to Donald Trump."
California planned to build a 520-mile system in the first phase that would allow trains to travel at speeds of up to 220 miles per hour in the traffic-choked state from Los Angeles to San Francisco and begin full operations by 2033. Newsom said he would not give up entirely on the effort. "Abandoning high-speed rail entirely means we will have wasted billions of dollars with nothing but broken promises and lawsuits to show for it," he said. "And by the way, I am not interested in sending $3.5 billion in federal funding that was allocated to this project back to Donald Trump."
Something that can't go on forever, won't.
Or maybe it really should be - sooner or later, you run out of other people's money.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
>> would cost too much and take too long. There's been too little oversight and not enough transparency
That's usually a feature, not a bug, in government projects. How can you pay off your buddies if people can see who's getting paid?
Because EVERYONE wants to be in Merded!
The really sad part is it won't even make it to Shelbyville.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
Ineptocracy (in-ep-toc'-ra-cy) - a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.
Ironically, many of the cost overruns are for dealing with things like environmental impact, routing through areas that don't want it, then routing around those areas that have the political clout to get excluded, etc.
Why can China figure out how to construct 18,000 miles of high speed rail, and we can't even figure out how to connect LA to SF?
High speed rail... dark side of the moon... mass production of consumer goods... America is failing repeatedly, with or without Trump.
I see this as High Speed Rail is simply not in the mindset of Americans regardless of their political alignment. Perhaps how it got this far is something unusual. We have no problem of spending trillions on "infrastructure" in Iraq and Afghanistan with nothing to show for it, but trying to spend a small fraction of that ***here*** on our own country, everyone screams it's so expensive!
mfwright@batnet.com
create a contract that penalizes the other party for late delivery? If you give the contractor 5x the base price and still have nothing to show for it, you should be jailed.
Government contracts are not supposed to be an endless trough of money.
Elon Musk proposed a far better and cheaper plan and they ignored it. I hope he tweets mad S about it now to rub it in their faces. Stupid bureaucrats.
"In January 2017, the California Legislative Analyst’s Office said by several measures California is, indeed, a donor state, but just barely. It receives $0.99 in federal expenditures per dollar of taxes paid"
So, it's about dead even. Since California based companies and individuals have written off so many state and local taxes on their federal income tax returns for so long, they effectively short out the federal government in favor of state and local taxes. Since the TCJA, there has been a cap on the SALT (state and local taxes) deductions you can make. So it will likely change in the future.
Before TCJA, if you made $100,000 a year and you lived in California, you paid to Uncle Sam less than if you made $100,000 a year and lived in Kentucky (since Kentucky had lower state and local taxes). In fact, California is the highest SALT state, so it paid the lowest to Uncle Sam, all else being equal.
Now, it's closer to normal.
But don't let \ stupid little things like facts keep you from getting angry.
The original route: Sacramento/LA. Why? California's two big population centers are LA and the SF Bay Area. That should have been the target route from the outset.
The real "Libtards" are the Libertarians!
Sucks to be you where you can't write off your local and state taxes. Oh no, what are you going to do now.
;o)
Have more working/tax paying people move out? More illegals move in.
Sucks to be you!
Anonymous comments are as pathetic as the anonymous "sources" that contaminate gutless journalism from the New York Time
As much of a fan of high speed rail as I am, this project from the beginning was plagued by many issues:
- Distance of SF-LA being just beyond the edge of air/rail travel decision break point
- Lots of intractable property rights issues along the route (and lack of political willingness to exert eminent domain for a more reasonable route)
- High required labor and engineering cost (union requirements)
- Backwards approach to do the easiest part / least useful segment first
- Management team that kept moving the target (or was deceived) on cost, geotechnical feasibility, political backing
As a result, I concluded that despite how good it would be as a showcase project, this was not anywhere near the top of the list of cost-effective things you would invest in to improve CA transportation issues. And now they've had to embrace reality.
I would even say, the whole thing should be canned rather than continuing to dump money into a stupid central valley rail that no one will use. Bakersfield to Modesto? Tell me who's going to take that train...
The worst thing is that this will set a bad example / leave people burned and resistant to trying it again. Sometimes, we really do need authoritarian-style government to clear out resistance when a good project is identified but individual interests bog it down.
whenever a taxpayer funded operation is, ahem, railroaded into poor planing, cost overruns and all the other excessive wastage. Burn that fucker to the ground and walk away from it. It's not worth another cent.
Every modern country I ever visited has extensive passenger rail systems that everybody uses. But we can't afford it.
Military adventures in the Middle east costing hundreds of billions? No problem. But no new infrastructure. That's socialism or something.
I told a bunch of idiots that were all for it at the very beginning years ago that this mess wouldnt work and of course they wouldn't listen to me.
Trebuchets/parachutes for shorter range ballistic commuting.
I bet you could really fling someone with a carbon fiber and kevlar Trebuchet. Wingsuit for fine targeting.
John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
There goes a third of their fresh water supply. Well, I'm sure those other states adjacent will be happy for their increased water allocation. Then all those tariffs on things like almonds.
After construction for the first half of BART finished nearly 50 years ago, the BART extension to the South Bay will finally open in the next year or two. Here's a picture of President Richard Nixon riding BART in 1972.
The idea that the 1% has all the power is a myth. The IRS tax stats are freely available for anyone to see and analyze. The 1% (everyone making approx $500k per year or more) only accounts for 19% of total income in the U.S. The vast majority of economic power in the U.S. (64% of all income) rests with those making $50k-$500k per year.
This is also why the fantasies about giving the 1% a 90% tax rate won't really accomplish much. The 1% simply doesn't make enough money. If you taxed them at 90% (which with certain state tax rates would be a 100% total tax rate), that would only bring in enough money to pay for about a third of the Federal budget. Paying for the Federal government at its current size requires a significant tax rate on those making $50k to $500k, and increasing Federal spending means the taxes on those people has to increase to pay for it.
That said, the ineptocracy happens because currently 61% of the adult population makes less than $50k, and 43% of adults make less than $30k. If you don't flatten income distribution so a majority of the population makes the majority of income, the majority of the population will simply vote to take via government programs what they're not being paid enough to buy on their own. And the end result will be an ineptocracy.
Looks like this so does not bode well for one of the cornerstones of the Green New Deal which envisions cris-crossing the USA with high speed rail. Next on the Deal's list for red pill economic reality - the paying for those who are "unwilling to work."
Unless you're trying to get from downtown Los Angeles to downtown San Francisco during rush hour!
I've got some good news for you, since it takes about six hours to drive from Los Angeles to San Francisco (yes I have done this) you're only going to be in one rush hour.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
The problem is that there is no geographical representation of California. The coastal cities have 100% of the power, with the countryside east of the coast having zero voice. Well, except for Federal lawsuits.
We can look at things like the Salton Sea, where nothing is done about it until the mass fishkills are so great, LA smells it, then once people have to deal with the stank (people who actually have sway over the state), then stuff gets done. Or, the general water crisis where you have rice paddies on one side, perma-droughts on the other.
California should be split up. Let the coast be one state, let everything east of it be another. That way, someone might see something from the state government other than higher taxes, more middle fingers from Sacramento, and more feel good laws. It is amazing how little that state does, with the highest tax rates in the US, be it the highest income tax, highest property tax, and highest salex tax.
No wonder why hick towns like Austin get 300 Californians a day moving there, and there is a diaspora going on away from that state.
When a recession hits, where will that state get their income? They won't be touching the well-heeled people, and the proles are already taxed out, causing more people to flee.
CA's politics amaze me. Can the politicos do any more to run people out of that state?
Not sure about San Diego - LA, but they already have OK commuter rail between San Jose and SF - well at least it seemed OK the few times I've taken it, maybe it had issues for more regular users. a high speed rail line to somewhere north of Oakland would probably be a great idea, that has a subway but frankly it sucks, is slow, and is SUPER packed at rush hour so it could really use another channel of service that was as fast to get from the north end of Oakland down to SF. It would probably have helped Oakland out quite a lot as well.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
So how many billions were spent to 'rocket' people between Bakersfield & Merced, California?
Who will pay to shuttle between those two locations, let alone pay a premium to do it 'high-speed'?
Ken
As a replacement, how about an autonomous-only limited-access highway? 100 mph, autonomous cars only, on ramps and exits only at major cities. Much lower construction cost than rail.
California had a constitutional amendment over it. I shit you not. There is, literally, no shit in my pants right now. I can't promise what will happen in the future, but right now, there is no shit in my pants. Anyhow, 2008 prop 1A authorize 10 billion in bonds for high speed rail. If I had a dollar for every time I shit my pants, I would have to shit my pants 10 billion times. Think about that. And my underwear would probably look a lot like the California constitution, what with all these fucking retarded amendments.
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I call your rail line to nowhere and raise you a bridge to nowhere, slick. Also, you forgot "fairy farts" in your subject.
His ignorance covered the whole earth like a blanket, and there was hardly a hole in it anywhere. - Mark Twain
Did gov. Newsome really brag that he's going to piss away snother $3.5BN in federal money on a train from nowhere to nowhere because he's opposed to giving it back to/not taking it from "Trump"?
Ken
Now, I really love aviation, I'm a frustrated pilot that never got his wings, I love flying a little nothing that's made of sticks and rags, but... we absolutely need hi-speed rail in the US. Maybe not so much in tightly-packed metro areas, but it sure as hell can work long-distance.
But as long as the Airplane (and to some extent Car) manufacturers have any influence, rail is a non-starter.
The "Civilized World" jumped the shark ca. 1973.
Three words: Interstate Highway System.
It's not the lack of Chinese authoritarianism that's preventing us from making it work. It's our inability to align all our interests and resources to make it happen.
Back in 1956, we passed something called the National Interstate and Defense Highways Act. In 35 years, we constructed over 48,000 miles of dedicated highway, three times as much Chinese high speed rail in only double the time. How did it all come together? Simple: the threat of war. Eisenhower was inspired by the national highway system of Germany and how it served as vital military infrastructure for them during World War II. Investing in that infrastructure for the homeland would be a strategic military asset in case of invasion. So far, it's yet to be used that way, but it's contributed tremendous returns to our nation's GDP.
The only thing preventing us from making it happen is a lack of will.
19% of income and yet 50% of wealth. It's almost as if a lot of them are only paying capital gain taxes.
Got any numbers/examples to back that up that 100% tax rate?
PS - I don't necessarily agree with a 90% tax rate or that it'd be effective, but your inteptocracy argument is stupid. People can't magically be paid more money than companies are willing to pay and those that pay less have the competitive advantage to make more mistakes. Couple that with automation shifting the vast majority of people into lower paying service jobs, and you have a situation where in many locations you simply cannot as a group better your position. Oh, and all that automation is there precisely to feed the "inept". Get rid of their ability to consume those things and many those factories will collapse from multiple boom/bust cycles being able to produce the proper amount of goods.
You are confusing wealth with income. Most people become very wealthy when their investments, such as stocks, increase in value. While shares can provide yearly income in the form of dividends payed out by the company, the majority of the value resides in the shares themselves. Until the shares are sold it is not considered income nor does it get taxed, even then, if has been held for more then a year it only gets taxed at the max capital gain rate of %20. Amazon has never paid a dividend so if Bezo's didn't sell any shares (and ignoring other sources) his income would be just his salary of $82.000.
So, um, where did the money go?
Oliver's law of assumed responsibility: If you're seen fixing it, you will be blamed for breaking it.
California have it in their grasp to be able to put in a TRUE high-speed with hyperloop. It would bring jobs, provide the fastest land transportation, and yet, these idiots are playing within tinker toys from other nations.
What a bunch of maroons.
I prefer the "u" in honour as it seems to be missing these days.
No new technology is required. All they have to do is define and grade a right-of-way, acquire strips of land where needed, and order existing components made in Europe and Asia. Land csots could be mitigated by using existing routes like the broad median of I-5 in rural areas.
If Democrats can't reclaim the spirit of Franklin Roosevelt and finish this project, they can't finish anything.
Which makes sense since it was supposed to finance a small percentage of the full project, not a bigger percentage of a scaled back project.
From http://nymag.com/intelligencer...
"The San Joaquin segment was supposed to be finished by 2022, and the whole enchilada by 2029. But it’s not looking good, and if that first deadline is missed, the state could be exposed to the clawback of up to 3.5 billion in federal funds awarded the project in 2010 as part of the Obama administration’s economic stimulus program."
Here are the facts:
Paris to Marseille is a 482 mile drive, compared to 479 miles to Liechtenstein. Today I can buy a Ouigo TGV ticket for 35 euros that will take me from Paris to Marseille in 3h21min.
For comparison:
Compared to the developed world the US is doing poorly in this regard. We have no excuse for these failures other than incompetence and corruption.
(1) Let the corrupt US contractors build from Merced to Bakersfield. (2) Use existing tracks from Oakland to Merced. Electrify them. Extend from Emeryville across the Bay Bridge to a terminal in SF. (3) Hire a French, Japanese, or Chinese company to build from Bakersfield to LA Union Station. They know what they're doing as far as high-speed rail and will get it done at 1/4 the cost of "buying American."
At the rate of California plates I see I my state I would say they are doing a fine job of running people out. Problem is they didnâ(TM)t learn from their stupidity and are doomed to repeat the same mistakes... here.
While it makes sense in a few niche cases, rail/subway public transport is a technology who's time has come and gone. It requires too large of a footprint, is too complicated to administer, and to expensive to maintain. The future is going to be more fluid and decentralized transport, something like driverless bus and large vans tied to some kind of automated route management system. Think of something like Lyft/Uber, only with driverless vehicles of various sizes and MUCH more prevalent. A transportation system that costs tens of millions per mile with stations that run into the tens/hundreds of millions of dollars each has no chance on even footing with a system that costs tens of thousands of dollars per vehicle and has no stations necessary.
If China made less money would cruelty decrease or increase ? Can we effectively demand more civil liberties in China by threatening loss of trade with the US? And although communism sucks can anyone name a time in which any other form of government in China has been better than communism ? Vietnam is now far better off as a communist nation than it ever was under different kinds of government. In the US we are not supposed to notice these things. But can it be that in certain places under certain conditions that communism is the best real choice for a nation?
> why on earth the project is not a multi-state and multi-nation venture
Because other states and countries don't want to waste billions and billions of dollars on something that isn't working?
The USA needs WAR to get them to pay for anything. I should have figured that the highway system was a form of military spending.
Democracy Now! - uncensored, anti-establishment news
By your standard of rail being 1800s technology, wheels on roads are 10th century B.C. technology. The neat thing about rail is that it stays on the "road" at 150 mph or more, regardless of weather conditions. It's also easy to power electrically, since steel rails provide a current return path with no worries about charging batteries or maintaining them.
The ideal system would actually be a hybrid of your system and rail -- driverless vehicles to bring passengers to stations, where shorter (2 or 3 car) driverless trains would run frequently between stations. Low-speed buses for shorter trips, higher-speed rail for longer hauls. Trains should be long enough to have a bathroom, some food service, ability to get up and walk around between stations, etc.
I understand what the total cost has increased to but how much money is going to be thrown down the hold on the Merced to Bakersfield boondoggle just to finish it?
My sister lives in Bakersfield and there is absolutely zero reason she would want to take that stupid train to any city between Bakersfield and Merced.
What's worse is the stupid California voters voted for this thing (yes, I know they only allowed 10B).
But if you aren't, well, you should relocate, because Rail is Great!
Wisconsin, when it was last under all-Democrat control (like California), tried to do "kind of high speed" rail, connecting not-quite-Milwaukee to within sight of the Capital building in Madison (routed over mostly-disused freight tracks) to not-quite-St. Paul. Why? Because there was federal money available, and HSR was all the rage with people important to the Democratic Party.
It wasn't practical, it wouldn't even move as fast as cars driving the shorter route, but federal money was available. And it was HSR, after all, so long as you defined "high speed" as 50-60 MPH between stations. (Commuter trains in the Chicago area move faster.)
Fortunately it got stopped before $millions became $billions. California isn't so much stopping as deciding to spend as much as they can, even if it is useless.
I didn't think I'd EVER see it.
A "public works" project like this, where they pull back "because they're spending too much".
I think the GND kinda shat in their cornflakes.
It either shook some sense into them (unlikely, I know) or they're now living in mortal terror of the backlash on the "rail to everywhere" idiocy in the proposal.
Chas - The one, the only.
THANK GOD!!!
Here's what's going to happen. Merced-Bakersfield is going to get built -- too much money invested in the project. This route will be connected to Oakland via existing tracks used by Amtrak between Merced and Bakersfield. These tracks will be electrified to allow running of HSR trains between Oakland/Berkeley/Emeryville and Bakersfield. Meanwhile they'll be electrifying the existing Metrolink line to Lancaster as far north as Santa Clarita and hiring a Chinese consortium to build from Santa Clarita to Bakersfield via the median of I-5.
Caltrain still got money for their improvements, so Pelosi doesn't care.
"First they came for the slanderers and i said nothing."
Your supporting points don't actually support your thesis statement. Economic power != income.
Corruption is convincing someone that the selfless ideal is the same as their selfish ideal.
I foresee no problem, no problem at all with issues like water rights in that case. No sir-ee!
This is just posturing and political chess.
The governor is hoping this will put an end to the seemingly intractable squabbling among San Jose's leaders by causing them to panic & rapidly coalesce behind a station location and route to connect Caltrain to Merced.
Once that's done, the governor will announce a deal with Virgin Trains whereby California builds the tracks connecting Caltrain @ SJ to Merced, while Virgin procures its own trains, builds the stations, and operates them along existing tracks into LA and SF at current speeds, and runs along the new tracks at high speed. By offloading the station construction and rolling stock onto Virgin, and initially scrapping the service to Sacramento and San Diego, CalHSR's official cost will be reduced to something that the plurality of Californians who live in LA or the Bay Area can stomach.
Virgin will limp at 50-79mph from Union Station to northeastern LA, 110mph to Bakersfield, 150-225mph between Bakersfield and Merced, and Merced and San Jose, then jog at 79-110mph along Caltrain's tracks into SF itself.
The HUGE battle will come 15-20 years from now, when there's public demand to improve the last 50 miles into LA, the last ~80 miles into SF, extend the route to San Diego, and extend the route to Sacramento... but not enough money to do all of them. My guess is that the tracks into L.A. Union Station will "mostly" get upgraded to allow 79-110mph all the way through the city, lots of band-aids will get applied to the existing tracks between San Diego and LA to allow 79-110mph, and HSR from Modesto to a station at the outskirts of Sacramento (with plans to someday finish it as HSR all the way to within a few blocks of the Capitol that will never actually happen unless the state manages to acquire and preserve the corridor BEFORE so many years and so much new development has occurred, the whole thing would have to go in a bored tunnel and be UNFATHOMABLY expensive), but nothing will ever solve the Bay Area's NIMBY problem enough to permit 180+mph all the way into SF.
The remaining route is pointless. There isn't a lot of commuter traffic between the two endpoints (Merced and Bakersfield). The majority of traffic along that axis is between Los Angeles metro and the SF Bay area. To use the remaining planned rail for that route, you'd have three about-equal-distance segments: drive from LA to Bakersfield, train from Bakersfield to Merced, then drive from Merced to SF. As a time reduction, the rail's benefit would be negligible, since the traffic it would be bypassing would be reasonably free-flowing rural, not freeway-as-parking-lot urban.
I'm generally not a fan of government rail projects, but if they're going to build it, they should at least build it where it will do some good. A line running from the Sacramento metro to the nearest outlying BART station (SF's metro rail, for those unfamiliar) would actually be useful and probably reduce a lot of commuter traffic. It would also be much shorter: about 60 miles from downtown Sacramento to the outlying BART stations, as compared to 110. As for the Merced-Bakersfield line, they should just admit that their sunk costs are sunk, and ditch it.
"The Greens lynched a hacker in Chicago. Last month, but I think the body's still hanging from the old Water Tower."
I don't know... China?
The mountains in the Californian coast look like molehills compared to those in Japan.
Except that California is one of the wealthiest states with the highest wages, where as the poorer ones where most people are making under $50k are the ones that vote Republican, i.e. for tax and benefit cuts.
const int one = 65536; (Silvermoon, Texture.cs)
SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
And look what happened as a consequence - the Germans bombed Pearl Harbor and homosexuality became compulsory!
Froth froth gilded age froth froth free market chunter chunter.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
You probably meant "flouted", not "flaunted".
But when I say "fucktard", like I'm doing right now, that's exactly what I mean.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
We could stop using coal for power if we went nuclear, but AOC will only support unicorns.
He seems to know how to get shit done for half the budget of the Democrats.
Grant water rights to whoever holds the water. West CA can buy water from East CA at rates cheaper than desalination. This is good, because otherwise East CA will be an inpoverished wasteland.
When you calculate that wage value, does it include all the pension plans that CA has no way of paying for and willfully ignores on a daily basis?
Not on your life, my Hindu friend.
The idea that the 1% has all the power is a myth. The IRS tax stats are freely available for anyone to see and analyze. The 1% (everyone making approx $500k per year or more) only accounts for 19% of total income in the U.S. The vast majority of economic power in the U.S. (64% of all income) rests with those making $50k-$500k per year.
Who care about income? Wealth is where the power is.
The top 1% in net worth in the U.S. hold 40% of the nation's wealth. The bottom 50% in net worth of the U.S. population combined hold 1% of the nation's wealth.
Source: https://en.wikipedia.org/wiki/... (First paragraph and first chart.)
Help! I'm a slashdot refugee.
Just like socialism. If only we had tried harder it would have worked this time!
What is wrong with people who will not be served by the train not wanting it going through their communities at 200 mph making noise at all hours? Was it going through yours? No. You dont even live here so stfu.
rail/subway public transport is a technology who's time has come and gone. It requires too large of a footprint
Do you even know what a subway is? It is under the ground - footprint zero. As for surface rail, it requires a far smaller footprint than equivalent road. Each London Underground track for example can carry the equivalent of a three lane motorway, comparing both at full capapcity.
Based on 2107 numbers, if you confiscate all wealth of all 400, you would pick up $2.7 trillion, enough to run the US government for about two-thirds of one year.
Once.
Of course, there's the issue that virtually all of that wealth is in equities, which would have to be sold to covert to spendable dollars, and who are you going to sell $2T of stock to once you've just confiscated 100% of the wealth from the people who could afford to buy it?
And the various levels of state and local governments there seem hell-bent on running in that direction as fast as they can.
California is going bankrupt. I knew this thing was doomed to failure right from the beginning and have called it out on here many times only to be ridiculed by these big project rail supporters.
Doesn't really bode well for the Green New Deal now does it?
So, what stops East CA from building dams all over the place to stop West CA from continuing to have water that they have now? It's all ... unnecessary strife—the issues we have to deal with as a single state are dwarfed, nay, little-personed by the issues that are foreseeable if it's two sovereign states squabbling.
How does Amazon stock valuation lower the wealth of the poor?
We'll need Reardon metal, then, to build all those railroads to be run by TOP MEN, is what you're saying?
Can't wait to see you begging in the streets for scraps of food.
Anonymous comments are as pathetic as the anonymous "sources" that contaminate gutless journalism from the New York Time
The problem with your argument is that it fails to take into account marginal tax rates. While I agree with your point of view - there is a lot of overlap between our world views here - the facts are that you are confusing effective tax rates with top marginal tax rates. A 90% top marginal rate on income over $1M means that the lower brackets apply to the first $X of income. That 90% only kicks in against money after the first $1M. So if total taxable income is $1,000,001, that 90% marginal rate only applies to that single dollar.
Regardless, though, your argument is reinforced by this - it will pull in even less money than your argument referenced a few posts ago.
Most people become very wealthy when their investments, such as stocks, increase in value.
Where I live, Silicon Valley, many people get pretty wealthy because their house appreciated in value. "Pretty wealthy" in this context means fully owning an asset worth over $1 million. For a lot of people, this seems to be their retirement plan: retire, sell the house, and move somewhere where housing prices are vaguely sane.
I don't have any numbers to back that intuition. Do you know of any studies showing the net wealth of American households and what assets that wealth is in? I'd be curious to understand better.
If you wait until you're done before you start, then you'll never start.
The Salton sea is manmade, it was created by a canal failure. It shouldn't even exist.
Except that California is one of the wealthiest states with the highest wages.
I'll have to look this up but California, being so large, is a microcosm of the entire US. We have rich, liberal areas. We have poor, bright red areas. We have everything in between.
The state tends to seem bright blue and that's not wrong. There are enough urban elite liberals that they dominate state politics. But don't believe that means the entire state feels that way.
Bullshit. The railroad would have been cost effective. If the Chinese can make a line from Beijing to Shanghai cost effective so could you. Heck, the line to Urumqui was built and it's literally from nowhere to nowhere and twice as long as Beijing to Shanghai. The problem was typical California. NIMBYism and inflated right of way land costs.
Not in California, where every construction project comes with multiple lawsuits and environmental policies will bankrupt you before the first shovel hits the ground.
Yoda of Borg am I! Assimilated shall you be! Futile resistance is, hmm?
Keep in mind that highway construction costs count the land & pavement, but little else. Rail projects count rolling stock purchases & station construction in the costs as well. If a highway's cost estimates included budgeting for the prorated purchase, insurance, maintenance, and operation of the cars that run on it, plus the cost to build & maintain the parking facilities, the per-mile costs would be quite a bit higher.
That's not saying rail construction costs in the US aren't worse than anywhere else on earth... China builds 5 miles of elevated tracks on viaducts for less than we spend adding a second track with grade crossings to an existing corridor.
Part of the reason is that in other countries, you have "railroad builders" who are cross-trained in a variety of construction disciplines. In the US, where every rail project is a one-off once in a lifetime project for the region, we instead hire armies of general contractors with workers who have narrow trade expertise & spend most of their time waiting for OTHER trades to do their thing so THEY can continue. In China or Europe, workers are cross-trained to minimize downtime.
They also tend to combine projects, like building a new freeway with retained-earth foundation that's wide enough to just add the tracks later, with geometry that's appropriate for HSR & bridge spans that are wide enough for the tracks to pass under without having to tear down & rebuild 40 bridge spans to make room for the tracks someday.
This is one reason why Virgin Trains/Brightline is so willing to extend its Miami-Orlando route to Tampa at its own expense. Back when FDOT rebuilt I-4 10 years ago, it made a point of leaving room for HSR everywhere that they had to rebuild everything ANYWAY. It added little to the reconstruction cost, and MASSIVELY reduced the cost to add HSR later, because NOW, Virgin just needs to finish the job & lay track instead of effectively rebuilding I-4 in addition to building its new track.
That's also why CalHSR's budget costs appear so high... they're combining it with simultaneous freeway improvements they wanted to make anyway & lumping the costs of BOTH under "HSR construction budget". That's why an audit is REALLY needed... to properly itemize the costs & make it clear that it's not "$100 billion for hsr", it's ~
$x billion for track infrastructure, $y billion for road improvements incidental to the track that would have eventually gotten done anyway, $z billion for rolling stock, $w billion for station improvements benefitting multiple projects (eg, transbay terminal), etc.
A good example was the cost of extending Metrorail to Miami International Airport. Detractors claimed it cost "a billion dollars". Supporters claim it's more like $150 million. The truth is, it depends how you count it. If you count land already owned by governmental entities at its highest plausible market value, the entire construction cost of Miami Intermodal Center, and its peoplemover... it's about a billion, give or take. If you factor out the percentage of MIC used by the rental car center, Tri-Rail, and Amtrak, count gov't-owned ROW as a long-sunk cost already accounted for by the airport expressway, and factor out the reconfiguration cost of LeJeune Road as something FDOT & Miami had planned for decades ANYWAY, it's more like $200 million.
I didn't make an argument a few posts ago I just responded to your request for proof of 100% rates. Nor am I confusing effective rate with marginal rates. A hypothetical federal marginal rate of 90% on income over $1M plus a current state marginal rate of 13.3% on income over $1M means a combined marginal rate of over 100% on income over $1M.
The overall effective rate actually approaches 100%, the higher the income is (assuming 100% on income over $1M). E.g., even if we assume a 0% rate for all income below $1M and your $1M + 1 example indeed means that 100% only applies to the last dollar producing an effective rate of 0.09%. But an income of $2M would have effective rate of 50%, $3M would be 66%, $4M would be 75%, $5M would be 80%, $10M would be 90%, $20M would be 95%, $50M would be 98%, $100M would be 99%...
So, what stops East CA from building dams all over the place to stop West CA from continuing to have water that they have now?
That's exactly what water rights do.
We do have a robust passenger rail service in the one section of the country that has sufficient density to support it (Washington DC - NYC Corridor). Even then, with tickets ranging up into the hundreds, a lot of folks still opt to drive or take buses instead. The rest of the country simply lacks the density and has such large geographical space that rail just doesn't make sense - instead, we use our robust air travel network to support it instead. So let's say you want to go from NYC to Atlanta, about 900 miles and assume you have sufficient traffic to justify building the track (which is a big if). Even a high speed rail, going at 150 mph, would take a good six hours when you could just fly for two. That six hours also assumes you've got a direct train and one that isn't slowing down and stopping in Philadelphia, Baltimore, DC, Richmond, and Charlotte on the way down. Also, can you imagine the cost of trying to eminent domain the land through all those major cities to build upgraded track? Not just buying it, but the environmental studies and lawsuits that will take place?
No, I don't mean Newsom's top line rhetoric. I mean what are the actual changes that are being made to the project?
Is funding being cut? No.
Are any of the construction and land acquisition activities being planned over the next several years being changed? No.
Is the current route under construction, and due to be built over the next decade going to be changed in any way? No.
Newsom announced that the $28 billion or so currently appropriated to build a line south from San Francisco as far as Bakersfield will continue as planned, and all of the environmental and land acquisition planning for the route south from Bakersfield to LA will continue unchanged.
So what did Newsom actually declare? That he is not, at the moment, willing to rhetorically support the eventual goal of reaching LA - although it will not require changing any decisions for at least his first full term of office, and probably his second, if he is re-elected. But everything is proceeding as before.
Starships were meant to fly, Hands up and touch the sky - Nicky Minaj
Yea, anyone with any sense would start with some form of 'personalized rapid transit' nowadays. The only complicating factor is existing investment legacy systems; I could see older cities concluding they should stick with subways/trains for awhile.
That said, this train seems more like a new project than an expansion project. The planners here blew it
(and yes, PRT has been know for decades)
The bottom 50% hold some negative % of the nation's wealth. Being net debtors and instant gratification, shiny loving morons. Sucks to be them, don't.
John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
That's the history of western American water rights law, wrapped up in one question.
In practice, it's cheaper to blow up a dam than build it. So the law is: If someone downstream is using the water, you can't divert it, because when it was allowed it led to literal range wars. e.g. LA's right to the Colorado river legally prevents Coloradans from collecting rainwater.
John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
I find delicious irony in someone speaking sanctimoniously about "facts" in a discussion about tax legislation based on the idea of trickle down economics, and that slashing taxes for corporations results in higher wages for employees. What do they call that again? Voodoo economics? Have a great one, champ!
The Chinese use it as a tool to exert authority over the populace under the guise of unification. They didn't run a line out to Urumqui because it would ever be profitable - they don't like autonomous regions.
Long signatures suck.
Someone missed the opportunity for a headline: "Newsom Shoots Bullet Train."
More seriously, the first high-speed rail line in the world, the TÅkaidÅ Shinkansen between Tokyo and Osaka, began operation in 1964. It runs approximately the distance between San Francisco and Los Angeles.
A good analytical piece on the history and problems of the California project comes from David Dayen; you can read it here: https://prospect.org/article/c.... Does anyone else feel like they're living in a technological backwater?
It is amazing how little that state does, with the highest tax rates in the US, be it the highest income tax, highest property tax, and highest salex tax.
Check again. CA has neither the highest property tax nor highest sales tax. Property tax is actually in the lower 1/3 of all states.
That's ridiculous. If the CCP wanted to, they could've made it non-autonomous at any time. The army doesn't need high speed rail to get there.
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