You posted:
(4)-Because even if such funding could be forcibly extracted from Big Business (whether by taxes or outright nationalization), the cost of land (an accurate measurement of the increasing worthlessness of the dollar) has risen to such levels that the necessary land-acquisition expenses make mass transport impossible;
Horrible story - see my append #3(
Reply #3: In the "Good Old Days" when light rail, trolleys, and interurban Railways)Back in the era of transit construction in the first quarter of the 20th Century - the traction company had obtained all of the easements and rights of way - cheap. After the bond issue was defeated in 1969 - Mayor Cuckoo Bananas Flaherty sold those easements and rights of way for pennies on the dollar. And for that the people re-elected him.
Second point -- most of our light rail lines in CA are in the medial strip.