More harassment from the train system in North Carolina. The news report is about how the NC Railroad Company is bullying small businesses (taxpayers) -- showing up and demanding that the business owners give them cash or else. At one time, it was a crime to show up at a person's place of business and demand cash. Apparently in North Carolina, that's no longer a crime.

The Railroad company is claiming they own property that they haven't owned for over a hundred years. But now they're claiming it and want cash. And no, they don't care who they uproot or upset, including threatening business owners in front of their children.

So, why does the Railroad company -- oh wait, who is this company? It's the state government. Officially, it's a "private company," but it's 100% owned by the state government. Therefore it IS the state demanding these cash payments and making threats if they're not paid. By why now? Because rail travel is a losing business! Trains are a 19th century invention -- they're not feasible now! I don't care how much you like them, they're simply NOT part of the 21st century economy. The ONLY way these things can continue to run is because people are forced at gunpoint to pay for them, even when they don't want them.

Want to see how bad it really is? The North Carolina Railroad company last year spend $8.37 million in operating expenses. They brought in less than $1.67 million from operations. ANY business that had expenses FIVE TIMES income would collapse -- only a state-sponsored, worthless, useless business could continue to exist under such circumstances.

Posted by: Ogre at 11:25 AM | No Comments | Add Comment
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