The MTA loses six billion dollars a year and nobody cares

<p>New York City is the center of capitalism and financial markets, however, hiding underneath the towering skyscrapers is an organization that defies the free market forces by siphoning off increasing amounts of city and state taxpayer dollars. This organization is the Metropolitan Transport Authority (MTA), which loses on average more than $6 billion per year dating back to 2009. If the MTA were a company in a functioning free market, it would have filed bankruptcy and restructured a decade ago. Instead, the city and state increase taxpayer subsidies and debt year after year, while acquiescing to union demands, resulting in one of the highest costing, least productive transit systems in the world.</p> <p><a href="https://medium.com/@johnnyknocke/the-mta-loses-six-billion-dollars-a-year-and-nobody-cares-d0d23093b2d8"><strong>Read More</strong></a></p>