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The Federalist: New Mexico’s Spaceport Subsidies Are A Cautionary Tale About Corporate Welfare Being A Black Hole

New Mexicans are left holding the $275 million bag as Richard Branson moves Virgin Galactic’s manufacturing to Arizona.

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Budget and Spending Conservatism Domestic Policy Economy Government Regulation Government Spending Infrastructure & Technology New Mexico Political Thought Poverty and Inequality Progressivism Public Opinion Technology Top Issues Transportation

The Federalist: Sir Richard Branson Should Pay His Own Way Into Space

Why are New Mexico’s politicians lining the pockets of these already wealthy and successful entrepreneurs through taxpayer-funded, industry-specific subsidies?