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> the private company so inefficient that it couldn't make the numbers work even charging 5x what the public agency was charging.

That's not surprising because the public agency is mostly tax supported. Fares never reflect the true cost of the ride on public transportation.

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personal vehicles are also massively subsidized. the price of gas, registration, insurance, parking, purchasing, etc don’t reflective of their true cost

to a degree but most of those things you've mentioned, the owners do pay the full cost of.

I posted about this above [1]. But the gist is that the most significant subsidies for private car ownership are indirect like parking minimums.

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[1] -- https://news.ycombinator.com/item?id=43988252

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