The ‘Great Train Robbery’ sequel
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The ‘Great Train Robbery’ sequel
California is putting together a new version of the 1903 movie “The Great Train Robbery,” one of the great films of the silent era.
Except this time, in the sequel, the train robs you, not the outlaws.
The California High-Speed Rail Authority (CHSRA) wants to “capture” some of the local tax revenue in Central Valley towns that the bullet train is supposed to travel through (if it is ever finished).
The Merced Sun-Star reports that the high-speed rail wants to take “a portion of the rise in property and sales tax revenues — known as tax increments — created within a half-mile of a station by the bullet train project.”
The costs of the high-speed rail project have exploded, from $33 billion in 2008 to over $230 billion today.
That money has to come from somewhere. California can’t print it, and........
