So did you hear the one about American Traffic Solutions “generously” donating 63 backpacks filled with school supplies to a local charity?
The “donation,” which we optimistically value to be worth about $2000 (at $31 a bag), is an amazing accomplishment considering the $50 million dollars Goldman Sachs pumped into the firm last fall (after being bailed out by the taxpayers).
In total, no one knows how much more money they steal nationwide while conspiring with local jurisdictions: ATS is a private company and as such is not required to report their “earnings.”
Traffic tickets in general are a regressive tax according to the Campaign for Liberty, hitting the poorest and disadvantaged the hardest:
“A $175 fine could crush someone at the poverty level, while someone much higher on the income scale may have just spent that much on lunch.”
No one’s fooled: ATS runs a racket, and a few backpacks will do little to change anyone’s perception of the firm. ATS’ Cameras are Coming Down as well in 2010. Perhaps they will have some leftover school bags to pack their desks with. It’s gonna get ugly.