Posted by Hay hay hay on January 11, 2019 at 15:16:49 from (173.189.1.175):
In Reply to: Re: Solindra 525 million posted by Traditional Farmer on January 11, 2019 at 10:13:27:
I do think we need to recognize that many things we enjoy like satellite transmission is based on technology developed by NASA (govt.) Our jet planes came out of military development programs. And many of our lifesaving breakthroughs came due to government subsidized research. One simple example is the government research that proved that Tobacco causes many diseases. The tobacco industry would never have funded that research. Tobacco still kills 480,000 people a year.
But generally, I agree that government should not be subsidizing business. The line between subsidies and encouraging new developments can get very blurred. However, I totally disagree with states subsidizing companies to locate there. If Amazon had no state incentives they would have built the same 2 new headquarters. We just spent billions on a zero sum project. Toyota would still build plants here if no state gave them a dime.
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