fbpx
Connect with us

The Daily Sheeple

Before Public Roads, Private Companies Did It Better

The best roads at the time were privately funded, for-profit businesses.

Editor's Choice

Before Public Roads, Private Companies Did It Better



Published on

In the early days of the United States, the government certainly saw the benefit of roads. But most politicians didn’t think it was their place to raise taxes to pay for them.

State governments laid claim to all unoccupied land. So state governments would grant charters to private companies to build, improve, and maintain roads on “public” land.

The companies sold stock in the routes to investors, which funded the development of these roads. Tolls made the companies profitable so they could pay back investors.

The government’s only role was granting ownership of certain public pathways to these companies, under the condition that they improve them.

Delivered by The Daily Sheeple

We encourage you to share and republish our reports, analyses, breaking news and videos (Click for details).

Contributed by The Daily Sheeple of www.TheDailySheeple.com.

This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.TheDailySheeple.com.

Related Topics:, , , , ,

This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.TheDailySheeple.com.

Click to comment

More in Editor's Choice

Advertisement
Top Tier Gear USA
To Top