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I also belive that railroads should not be taxed. In Vermont and PA they are not taxed. It is my position that railroads are quisi-govermental entitys(Like State Colleges). The legal history of quisi govermental entitys is a intresting and ling subject. "Authoritys" such as Turnpike Authritys where not invented yet when this country needed railroads in the early to mid 1800s. So this country did what its preddesor did "As in Great Britain". They granted corpreate charters and try to sell bonds. In the British colonys such as in Canada "The Hudson Bay Company" was created by the King. The King then sought out investors from the Aristrcracy buy selling shares of stock in the venture. Only the King could grant or recind a corprate charter. After the American Revolution our country kept the common law that was ennacted under the British King. Our country and the member states needed railroads and canals. They tried selling bonds but this country was already in Default on the bonds from the American revolution and its credit sucked. Private individules did not have the authrity nor the trust from the investing public to sell shares of stock and issue bonds. So they sought that authority from the state. The state responded by creating and issuing Corpreate Charters so that the new entitys would have the independendt authoroty to Issue Bonds,Issue securirty and in the Railroads case have the govemental authroty to condem land for the right of way. (Which is one of the reasons why I dont belive railroads should not have to pay taxes since the goverment granted them the land anyway). In Canada CN was created as a Goverment Owned coprpreation. In the 20th century Crown Corprations were created as liability limiteters to keep politics out of enitys such as VIA Rail and the Queens Expressway. In New York State was the Birth of "The Authority" "The Authritys" were created by Robert B Moses and Delenor Roosevelt to build infrastucture such as Roads,Dams and Subways but to keep Politics out of it. The Authoritys had the right to Issue Bonds,Condem Land,Have there own Police Departemets but at the same time keep out of the public areana not have to have all of its meetings open to he public and sometimes being able to be under the direct control of the Governer and Robert B Moses. When virtualy every Streetcar Companys and Private Transit Bus Compansy in the US went bankrupt in mass from 1949 to 1972. The Citys needed to keep this essnetiol service. But they did want to incure the liabilty of Runing a railroad or bus Company. Nor Did they have the expetise. So they formed "Authritys: to run and fund the transit companys. The power of Authritys allowed the new enititys to be run as it were a private entity without having to change over corprete cultures from private ownership and hirearcy to a Public Buracracy. Many citys kept the old management realising that the bankrupts of the transit companys was not there fault but that of Market conditions and the the old gaurd knew how to run a Bus Companys or Subway.. My Point here is that Railroads should be run by Public Authoritys since the public created and gave the railroads the right to exist in the first place and there should be some public accountiblity. If there is none then our whole system of democracy is screwed becuase the consolaidation of wealth and power will choke us off.(Not to mention kill the free enterprise system)
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