Re: NASA - National Atmospheric and Space Administration

On Fri, 22 Jun 2007 14:32:44 GMT, in a place far, far away, Monte
Davis <monte.davis@xxxxxxxxxxx> made the phosphor on my monitor glow
in such a way as to indicate that:

"hallerb@xxxxxxx" <hallerb@xxxxxxx> wrote:

beyond that all profit from space activities should be declared
federal tax free for 30 years to help investments.

way better than spending public money.

Umm... behind all the handwaving deployed on behalf of everything from
sports stadiums to mortgage interest deductibility, foregoing tax
revenues *is* precisely the same as spending public money.

Not if it's a foregone tax revenue from an activity that wouldn't have
otherwise happened. Not saying that's the case here, but "foregoing
tax revenues" is a slippery topic (similar to the argument about
supply-side economics). It costs the public nothing to "forego tax
revenues" if in the absence of such a policy, there would have been no
revenues to tax.
.

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