Poor Subsizing The Rich

John Miller has some comments on the New Mexico Spaceport:

On the one hand, it sounds like a great opportunity for a rural area. On the other hand, why does an “all commercial” venture need a taxpayer subsidy? Isn’t that doubly true if private spaceports really are, as advocates say, “an idea whose time has finally come”? Private space travel is attracing big-time venture capitalists, such as Richard Branson and Jeff Bezos. Should the residents of “one of the poorest regions in the nation” subsidize their highly speculative businesses?

At least sports stadiums have a sure market. Even in Detroit.