Summary
Elon Musk called for privatizing Amtrak and the U.S. Postal Service, saying America should privatize “everything we possibly can.”
Speaking at a Morgan Stanley conference, he criticized U.S. passenger rail as “embarrassing” compared to other countries.
While Musk didn’t outline steps for privatization, he acknowledged it would require congressional approval.
His remarks align with Donald Trump, who recently suggested reviewing USPS privatization.
Personally, I think it would be better to keep Amtrak majority state owned and throw billions of dollars at it. In fact, why not send out a $3 trillion stimulus package to get some Jobs going?