reply to pnh102
Re: 9; Funny you try to make the assumption that a nationwide fiber network will be similar to amtrak. Fiber itself is profitable (unlike amtrak), it's the obscene build costs that are the reason the private sector won't get involved. The government could subsidize the build out a nationwide fiber network to every home, and eventually not only make the money back, but profit from it too. See: Electricity/Electric companies.
If money was to be made, as you say, the companies would find a way to do it. And I agree with the Amtrak guy. Way I see it if the government was put in charge of the Sahara Desert, it would be out of sand in 5 years.
And how about the folks who already have fiber, you wish them to give up more taxes so you can have it? That's raw.
Colorado Springs, CO
Companies will not do it, because investors are only interested in short term profits not long term gains. I bet if we changed capital gains taxes and pushed them out five years or a decade things would work themselves out. Investors would quit betting on short term investments in invest into things what will profit in the long run.
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Long term-capital gains are already favored in the tax code.
said by NOCMan:Plenty of investors do, including many big money managers. I think short-term investor profits above all costs is a meme primarily created to help consumers cope with dissatisfying business decisions.
Investors would quit betting on short term investments in invest into things what will profit in the long run.
reply to NOCMan
Dunno if taxes would change anything, they already penalize investors for short term ( year at cap gain rates). If companies won't do it, what did Verizon just do until it got in over its head? It will take awhile but all the big boys know fiber is the only way they can take on the inevitable increase in traffic or start capping monthly gigs which goes over really big time with customers.
And for the guy bringing up the highway system as a plus for government sponsored constuction. In Alabama, highway 75 makes its north south route through Montgomery instead of the straighter route (also the route presented by the construction companies) through Selma at a megamillion dollar addition to the cost -- which the taxpayers got stuck for. Government has little business doing business.
reply to Rich
said by Rich :Why won't it be?
Funny you try to make the assumption that a nationwide fiber network will be similar to amtrak.
Why is it wrong to judge an entity by its past record?