Reply to post: Re: Caution ... Chuck Schumer is Back! Going Going ... Gonif

President Biden signs CHIPS and Science Act into law

nintendoeats Silver badge

Re: Caution ... Chuck Schumer is Back! Going Going ... Gonif

I don't think your evidence proves your conclusion. The reason governments invest in these kinds of projects is because they have significant risk; more than most investors will be willing to bear. If we want to accelerate commercialization of alternative energy vehicles, somebody has to assume that risk. Distributing it across all taxpayers seems like a reasonable option, since they are supposed to be technologies that will benefit everybody.

Of course then if a company is successful they will "forget" about all that investment and charge consumers through the nose. But that's really a separate issue from the question of where such a company can find capital investment.

I say this as a person who loves his supercharged Miata.

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