Rocket Race Tax

Sierra County's spaceport tax passed.  Promoters evoked the magic word, jobs, a lot and there are cool videos of rocket racing and that vagina-shaped terminal.   What's not to love?  Here's Haussamen's coverage.

Promoters didn't talk about the existing facilities and budgets for space research, the huge capital required for space travel, Peak Oil and precepts of a gloomy economy.  This is just the thing for New Mexico - if this is 1960.  Sustainable economic development?   

The touted business plan describes the "commercialization space pyramid" and transports the reader  back to NMSU freshman economics.   

From the study conclusion:

"(The) economic development return on the investment likely will be positive, although subject to risk, under some scenarios, spectacularly so."

There it is in a nutshell (or space capsule for the faithful).  The bar will make more than the runway.  I'll have another Buckaroo Bonzai.