Stupid TTC, cash is for money markets
Submitted by Ari on Wed, 10/10/2007 - 10:49.
And now, for a short off-topic rant:
I bike to work everyday, but not when it rains, as the area of Toronto where I work (Spadina and Wellington) smells like a combination of cat piss and dead fish whenever it rains.
So, as it was raining today, I took the TTC - Toronto's Public Transit System. It's gosh-darn expensive these days, clocking in at $2.75 for a ride that takes me - oh, maybe 20 minutes by bike to make otherwise. On weekends, its cheaper for me to drive and park (on city streets) in the downtown core than it is to take public transit.
As I normally ride, I didn't have any TTC tokens today. So, I went to a machine to buy tokens.
Red light flashing, machine not functioning.
I move to the next machine, same problem, but this time, there is a note taped to it! What's this? Ticket prices are going up again, so the TTC is limiting the number of tokens I can buy to prevent me from stockpiling?
Not only is this incredibly frustrating from an operational perspective (shut down machines = longer lineups at counters = longer wait time = more frustrated customers, like me), but what business in its right mind tries to PREVENT its customers from paying them in advance? I would love it if you would pay me cash for consulting services months before you use them. There are even some hugely successful businesses based purelyon that model. Time value of money people!
Now I know what all you economics/finance guys are thinking: maybe they don't have enough tokens in the system to allow for stockpiling? Maybe the fair hike is greater than the opportunity cost of not being able to put the money from stockpiled tokens in short term investments. Frankly, I don't have the spare time to try and calculate that out - but I encourage you to.
Also, please reply with anything else that peeves you / you admire about our otherwise beautiful city's public transit system.
