Shades of Ayn Rand

Ad running on radio every day this week says, “Come downtown to celebrate National Train Day.”

The National Train Day is a holiday started by Amtrak (the service mark of the National Railroad Passenger Corporation in the United States) in 2008. It has been held annually on the closest Saturday to 10 May, the anniversary of the driving of the Golden Spike in Promontory, Utah which marks the completion of the first transcontinental railroad (the Pacific Railroad).

Amtrak, as you probably know, cannot survive without massive subsidies from the federal government. These subsidies are real — actual cash payments to the agency/company whatever, not the tax abatements oil companies get for using up their resources.

Irony of ironies — right after the first time we heard that ad, the following news item ran: “Train Derailment near Scappoose: Crews keep distance from 2 alarm hazmat fire.”

Please go see the movie: “Atlas Shrugged Part 1.” You won’t be sorry.

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About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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