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Privatization will cost all of us. "Everyone benefits from our roads, water systems, schoolhouses, and electrical grids, and everyone chips in to keep them running. It’s a shared asset we own! Infrastructure badly needs an infusion of cash. Trump wants to privatize it, a plan that would would actually raise costs and then shift them onto the backs of Americans in the form of fees and tolls. Most agreements give companies unchecked power to keep raising rates as long as they own the assets... profit comes in the form of higher charges or fees on the use of the infrastructure. Chicago privatized its parking meters and rates more than doubled in the city’s downtown. Tolls for a privatized road in Indiana also more than doubled. Water rates for a NJ town’s privatized system have climbed almost 28%. Agreements give companies unchecked power to keep raising rates. "
At www.thenation.com
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