There is endless analysis of what has caused the New York City subway system's current financial woes. In this recent video from Reason, learn some history behind fare subsidization and how reversing it could potentially solve the MTA's problem.
The political response to this crisis has been mainly to devise new ways to collect more money for this troubled operation, such as a new "millionaires tax" or by imposing additional tolls and surcharges on cars. But a major lesson from the first 114 years of subway history is that giving the MTA more money from outside sources is like bringing an alcoholic to an open bar. The path to real reform and accountability is to make the subway live off its customers once and for all.
Check out the accompanying article to learn more about this proposal.
via ReasonTV
Matt Coneybeare
Editor in Chief
Matt enjoys exploring the City's with his partner and son. He is an avid marathon runner, and spends most of his time eating, running, and working on cool stuff.
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