Elon Musk Says Amtrak, US Postal Service Should Be Privatized

Comments

• Zeppo@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

  Wow, what a surprise.

  USPS, also government-owned, has accumulated over $100 billion in losses since 2007, including $9.5 billion in the 12 months ending Sept. 30, 2024.

  Common conservative disinformation.

  From this usps page,

  Over 80% of our current year net loss is attributed to factors that are outside of management’s control, specifically, the amortization of unfunded retiree pension liabilities and non-cash workers’ compensation adjustments.

  Republicans voted to force them to do that precisely so they could claim they’re ‘losing’ billions and should be privatized. Why? So cronies like Elron and DeJoy can profit from it.

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• Subtracty@lemmy.world ⁨2⁩ ⁨days⁩ ago

  He campaigned against high-speed rail development in California, saying he could invent a better system. Then, he admitted to his biographer that he had no intention of building the “hypet loop.” He stands to benefit if our public transportation is crap because he owns a car company. Especially in a state like California, which is banning the of gas-powered vehicles in the near future. Of course he wants to ruin Amtrak, he is sabatoging the competition. That way, more money goes in his pocket.

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