Broadband for all?

Jeffrey Miron writes

Federal regulators detailed a $20 billion, 10-year plan to ensure all U.S. households access to high-speed Internet service.

What could possibly justify federal or any government action in this arena? Private companies have ample incentive to expand internet service when the revenues exceed the costs. This FCC plan is just a transfer to rural households.

Stop me if you have come across such a stupid plan like this before.