Bitchin Dave's newsletter

Most states that lean conservative have these weird plans to cut taxes!  Florida is no exception, with lots of moves designed to "help the average individual" - though we all know that these types of things disproportionately benefit the wealthy among us.  And I recently read about yet another push to eliminate property taxes in my fair state (more on that below).  Because #FreeDumb The obvious problem is that counties and cities have less in the way of capital that they can spend on infrastructure, services (including emergency type things), and even schools. ...

If you aren't aware, the state of Florida has a passenger train service that runs between South Florida and Orlando called Brightline.  This is the only privately run passenger service in the nation (or at least that's what I've heard).   The issue at hand is that they are claiming that they are losing money .... and may declare bankruptcy.  But I wanted to dig into that a little.  Let's start with a short (and pretty superficial) history lesson.  The company running the service is a direct descendant of Henry Flagler's Railroad (if you don't recall that story,...