Re: NASA - National Atmospheric and Space Administration

simberg.interglobal@xxxxxxxxx (Rand Simberg) wrote:

: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.
:

Of course it does. The same reasoning applies to subsidies. If you
subsidize them up front and tax them on the back side, you can make
pretty much precisely the same argument.

Once again, look up 'fungible'. A dollar not collected is precisely
the same as a dollar collected and then given away.


--
"Some people get lost in thought because it's such unfamiliar
territory."
--G. Behn
.

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