Thanks Isaac, for minimizing the decades worth of experience I have in the rail industry, which includes service design and costing. But that's okay, you and your in-laws have ridden a couple fast trains in China, so that's equivalent.

As far as fare differences between AMTRAK and Chinese bullet trains? Those bullet trains in China are heavily subsidized by their government, which means the government covers almost all of the operating/infrastucture costs enabling fares to be dirt cheap. They are not operated for profit. AMTRAK, on the other hand, is operated as a for-profit company, and although it does receive funding by the US government , it's a small fraction of what the Chinese invest (even when scaled equivalently). Plus AMTRAK has to deal with higher labor/benefit costs. Evidently, you are unaware that the US government has been actively trying to wean itself off passenger rail funding for the last 30 years, and funding has been steadily reducing during that period, not increasing. so It's not surprising that AMTRAK's fares are significantly higher. You also are unaware that AMTRAK also does not own all their own tracks. They have work out special deals for "service windows" (meaning periods of track time) with the major freight railroads on many of the tracks they use, which impacts costs/schedules/speeds. Plus those freight rail tracks/infrastucture were designed to handle mostly slower freight traffic, not triple digit speed bullet trains, which is huge problem for programs like ACELA. You also probably didn't know that the only place ACELA can hit their advertised 150+MPH speeds is a small 20(?) mile stretch of track in Rhode Island. Otherwise they must operate at about the same speed as the old cheaper Metroliner (up to maybe 100mph depending on the area). ACELA is able to shave more time by making fewer stops and priority routing (meaning other trains hold periodically in order to let it pass) .
IMHO anyone riding ACELA is wasting money as the old Metroliner northeast regional service is cheaper, performs better, is as comfortable and is not much slower.
AMTRAK (including ACELA) has been "sh!tty" but it's not for the reasons you cited. It's actually a combination of some mismanagement over the years, but mostly US government interference, grossly insufficient government funding, crowded tracks (lots of trains using them) soaring fuel/benefits costs, and an aging, incompatible infrastructure. To be fair to AMTRAK, the US government expects AMTRAK to operate a national network on a regional budget, and that ain't easy. Given what they have to work with, they do a pretty good job, and in the northeast corridor, I would say extremely good. I doubt the Chinese railroads could operate with such cheap fares if they had as little funding as AMTRAK gets.
Creating a real bullet train service in this country equivalent to the Chinese or Europeans, would require all new infrastructure, and that cost would be
staggering. And being $17 trillion dollars (and growing) in debt, our government (who's already unwilling to invest in rail, despite its many virtues ) really doesn't have the money to invest in something that doesn't utilize the existing infrastructure, and the larger distances between cities as you move west makes trains less competitive than planes, which makes the funding less likely to happen on national level. The northeast corridor works well mainly because of combination of several big cities relatively close and a dense population along all the stops.
I'm a big rail supporter as you are. But as someone who has had a unique ringside seat on how rail systems operate, I know it's gonna cost more than $6Bill to design/build that infrastructure in California (albeit along a fault line, which is lunacy). And if you think they'd charge $20 for an 350 mile LA-SF ride in a hypertube, which was suggested in the article, I have a bridge to sell you in NY. Knowing the folks I've met in the industry including some lobbyists, my guess is Congress will not fund it, and would probably suggest California fund it themselves, which they can't afford either.