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NASA Wants To Fund Space Taxis
NASA plans on using $50 million in stimulus funds to seed development of a commercial passenger transportation service to space. Potential space taxi inventors have 45 days to submit their proposals. The proposals will be competitively evaluated and the winners will be announced by the end of September. It is unclear what other Commodore 64 games NASA plans on making a reality, but I hope Arkanoid makes the short list.
If you invest your 401k heavily in companies building nightclubs in space, this space taxi service will be a major boon for you.
Wrong! You saw that stimulus money when the government took it out of your wallet!
Say thanks to Uncle Sam.
Virginia is for lovers. EVE is for griefers.
NASA plans on using $50 million in stimulus funds to seed development of a commercial passenger transportation service to space. ... More stimulus funds that 99% of the middle class will never see. How is this gonna help my 401k?
Ah, the old "spending money on the space program means ferrying dollar bills into orbit and dumping them there" argument. One day people will get it into their heads that money spent on the space program is spent pretty much exclusively on Earth where jobs are created, new technologies are developed, and countless other economic and social spin-offs are generated. In the meantime, I'll have to keep on posting this reminder.
Drill baby drill - on Mars
Believe it or not, but the stimulus isn't supposed to pad your 401k, it's supposed to create jobs.
You are making an assumption: namely, that no new technology would be involved in the creation of these 'space taxis.' In other words, you appear to be assuming that a space taxi would be nothing more than a rebranded, perhaps smaller, Space Shuttle.
But perhaps a space taxi could resemble one which launches from a tanker flying at high altitude. Perhaps it could involve ramjets rather than liquid or solid fuel rockets. Or, perhaps more likely, it could involve an entirely new technology.
The idea of developing new technology is also, in and of itself, a major benefit of the space program, in that developing new technology will likely require us to also educate a new generation of engineers. It's no co-incidence that Pres. Kennedy's challenge to land a man on the moon + return him safely to earth also yielded a bumper crop of enthusiastic young engineers. This group of engineers is now reaching retirement age, and if the US is to retain its economic position, it needs to replace these engineers w/a new generation.
Full disclosure: I'm a computer engineer, from a family of engineers. I also went to Space Camp. Twice.
-Z
Remember, the reason the broken window fallacy is a fallacy is that it assumes that breaking a window and having to fix it is the only thing that gets the money moving and thus you're making things better by breaking the window. The observation that this money could have been spent on new development with equal or greater effect on the economy is what nullifies it.
Investing in space tourism is investing in cheap access to space. That's not anything like digging ditches just so you can fill them in, or breaking a window so you have to fix it, or going to war so you have to spend tons of money blowing things and people up. It's more like (though not exactly like) the U.S. highway system. A public works project that had a huge economic benefit.
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