🇺🇸 SPACEX EMBARRASSES CALIFORNIA RAIL: $2.7B TAKES US TO SPACE, $15.7B BUILT NO TRACKS

SpaceX managed to build Falcon 9, Falcon Heavy, and Dragon for $2.7B total.

California's high-speed rail fiasco?

Already burned through $15.7B and delivered exactly nada in operational track after years of "progress."

It's all about the incentives, as Mises would say.

Government gigs like the rail run on cost-plus contracts.

Contractors bill time and materials with fat margins, so delays mean more cash, and change orders pump revenue.

Those consulting firms that pushed the 2008 bond?

They've been cashing in on endless planning and oversight with no end in sight.

Fixed-price deals where missing deadlines or busting budgets hit their wallet hard.

Deliver ahead? Pocket the savings.

Engineers got real skin in the game, unlike the rail's billable-hour bonanza.

@elonmusk built rockets on budget while California burned billions laying down nothing.

Source: @aakashg0, @SpaceX