Every year, other, more profitable business activities have been taxed to provide the funds to prop up public transit. The long-term consequences of this parasitic relationship have been very costly. The economy is weaker. Virtually every sector, save those directly benefiting from the subsidies, has been harmed. There has been a net loss of over 7 million job opportunities.
Wages are lower.
Business sales are lower. Interest rates are higher. The federal government's budget deficit crisis is worse. These unpleasant consequences are the result of ignoring the essential role of profit in creating resources and stimulating the economy. Profit results when the value of the outputs of an economic enterprise is worth more than the cost of the inputs.