It might maximize ticket revenue if they priced some people out of taking the train. Doesn't maximize good for the city, or even revenue for the city if some marginal person decides to stay home instead of going to work.
So only rich people will ride the subway but those who do will have a better experience?
> To the extent that people are priced out at the margin, that can be addressed through targeted subsidies (or guaranteed minimum income).
Please provide examples of this working in practice.
It doesn't seem to work for healthcare, education, etc.
The places with "good" healthcare, education, transportation, internet, etc, don't make it expensive and then hand out vouchers to poor people. They make it free or so cheap everyone can afford it.
Most people can afford a $5 subway ticket.
> Please provide examples of this working in practice.
London Tube fares range from 2.4 to 5.1 pounds. That’s $3.50-$8.00 using typical exchange rates, versus just $2.75 for the NYC metro. Somehow non-rich people in London manage.