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Public equity. US Govt should invest (by whatever means) and then retain some reasonable ownership. Direct action with direct results. Moot the whole taxation
by specialist 5y ago
Public equity.
US Govt should invest (by whatever means) and then retain some reasonable ownership.
Direct action with direct results. Moot the whole taxation culture wars food fight.
Edit: aka sovereign wealth funds. Sorry, brain cramp, forgot the phrase.
- narrator 5y agoMaybe they should have some deal where the military gets semiconductors at cost or something. Having politicians messing around with the management decision making will just screw stuff up.
- dehrmann 5y agoIf the state wants to subsidize an industry for strategic reasons, that's the state's business. Tying it to ownership could scare away potential producers, and it's a step towards a state-run enterprise. The US already subsidizes farms for food security; no one's saying it should take partial ownership of them because of that subsidy.
- specialist 5y agoAll of our modern standard of living traces back to initial govt investment. Govt routinely provides seed capital, grants, financing, patents, and other perks. Which then attracts private interests. Often jump starting entire sectors, creating new markets. Do you think we'd be enjoying solar boom today were it not for public investment?
- dehrmann 5y agoDoesn't mean the first instinct needs to be public ownership of it, though. The tax revenue will come on its own. > Do you think we'd be enjoying solar boom today were it not for public investment? This is somewhat awkward because it also wouldn't be where it's at today without cheap Chinese panels, and I doubt US tax subsidies would have been enough to make up for China's manufacturing expertise.