Texas is planning to make a huge public investment in space

I wonder if that money might be better invested in fixing the power grid to improve its reliability, especially in light of the more extreme weather that they are experiencing in Texas due to climate change. Maybe basic education would be a better investment, too- a little less Jesus and a little more science and math...
 
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Texas kind of sucks. Lived there for a few years. Hill country is meh, cities look like ass, only advantage is taxes and you end up losing a lot with ridiculous property taxes. Ohh and the infrastructure sucks. The kicker is that Texans turn into big babies if you criticize their state. Not worth it to move to Austin (which is a dump imho) if you’re an affluent tech worker.
 
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deet

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I love the idea of investing in space in Texas. But with Abbott and his fellow cynical grifters, I have such low faith that this won’t end up as a gift to powerful interests who already have plenty of hundreds of millions of dollars. Given their record, I can’t trust them not to rob schools and infrastructure programs to pay off billionaires by building roads to nowhere. Ugh. There should be plenty of money for all of it, but somehow even with this huge surplus, they won’t spread it around.

Here’s hoping something worthwhile comes of it. But this sounds like $350MM the average Texan will never see again in this lifetime.
 
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ranthog

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Doesn't this come dangerously close to supporting science? I thought Republicans were against that (see the mRNA article).
You assume this isn't just a give away to a few rich people who probably politically support Abbot. The man has shown himself to be very shady and corrupt, and the legislature has no balls to reign him in.
 
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lukipedia

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$30 billion could go a long way toward fixing the electrical grid. Might require a little legislation, too, though.
Yeah, I get that it's possible to multitask, and you can legislate a bunch of things at once. But having gone without power for 84 hours this winter, and having had to boil water for a week the year before, and having had to do both the year before that, it's a little galling to me that Abbott is happy to ask for more money to support corporate interests while leaving the broader constituency to suffer. And I say that as a lover of all things space.
 
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D

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I'm sure branson will be there first in line, with his nose in the trough. Lotsa promises, lotsa cash in his pocket, and the texans will not even be inconvienenced by the actual execution of work or action on his part, just empty promises (ask New Mexico, the Emirates, Cornwall and all the suckers lined up for rides to space for 15 years now).
 
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"Florida leaders made the brilliant decision to invest in the commercial space industry years ago, and that investment has paid off," Anna Alexopoulos Farrar, a vice president of communications for Space Florida,

I'm sure it had nothing to do with Florida (and Texas) being about as close as you can get to the equator -- and it advantage in getting to orbit -- while still remaining in the continental US.
 
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MTSkibum

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From the article:
Texas has a historic budget surplus this year due to oil prices, inflation, and other factors driving economic growth. The state is projected to have $188.2 billion available in general revenue for funding the business of the state over the 2024–2025 period, a surplus of $32.7 billion over spending during the previous two years.


If that is true then why is our school district short on money:

In August, FBISD committed to making $23 million in cuts for the 2023-24 school year; with the election’s failure, the district will need to cut another $24 million in 2024-25 to maintain its budget reserve.

https://communityimpact.com/houston.../fort-bend-isd-considers-budget-cuts-in-2023/
Also:
As of August 31, 2022 Texas had a total of $64.40 billion in state debt outstanding, including both general obligation and revenue debt.
http://www.brb.state.tx.us/state_debt.aspx

The government shouldn't go out and find new uses for these new tax dollars, it should pay of it's debt and help out the local governments.

/rant
 
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lukipedia

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While there are several states that elicit a collective sigh of disappointment, Texas & Florida are the anchors that prevent the US from being a modern country with a positive future. Texas could secede as it is want to constantly warn, and very little would be lost in the long term.
You realize there are a lot of us here who have no desire to secede, who hate the current state of affairs in Texas, and who are actively trying to foment change here (even though most of the time it feels totally futile)?
 
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lukipedia

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You assume this isn't just a give away to a few rich people who probably politically support Abbot. The man has shown himself to be very shady and corrupt, and the legislature has no balls to reign him in.
The legislature is, by and large, getting their pockets lined by the same interests. They're mostly complicit.
 
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Jedakiah

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Reading the article left me incredibly sceptical that this is just a $350m handout. I love investment in space, but if this is a handout...

Reading TexSpace vision for the future left me hopeful. Hopeful that this commission they championed for has an actual vision, and might make good use of such an enormous budget. New STEM university near space ports. DoD high sensitivity launch facilities. High speed rail to connect Brownsville to the major cities. Investments in power generation. Sounds like people in that organization are legitimately considering what life might be like if the aerospace industry keeps accelerating.

However, not sure I agree that Ad Astra will be pioneering nuclear propulsion in a few years. I'll be impressed if they still exist.
 
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ranthog

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Yeah, I get that it's possible to multitask, and you can legislate a bunch of things at once. But having gone without power for 84 hours this winter, and having had to boil water for a week the year before, and having had to do both the year before that, it's a little galling to me that Abbott is happy to ask for more money to support corporate interests while leaving the broader constituency to suffer. And I say that as a lover of all things space.
The problem is we damn well know they have no intent to do anything about the problems on the ERCOT interconnect. If you live in Texas, better hope you are near the border and not in an ERCOT area.
 
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I'm sure branson will be there first in line, with his nose in the trough. Lotsa promises, lotsa cash in his pocket, and the texans will not even be inconvienenced by the actual execution of work or action on his part, just empty promises (ask New Mexico, the Emirates, Cornwall and all the suckers lined up for rides to space for 15 years now).

luckily as he stated on his blog, he dosent believe in bailouts or government subsidies so he won’t be there asking for any of it /s
 
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ranthog

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So a more serious talk. As a corporation I can't see why anyone would willingly invest capital in Florida, when you have a government that is willing to pass legislation to punish companies at the whim of a governor. While Texas hasn't started down this road it is certainly a risk with politicians like Abbot.

It is hard to leave once you're there, but are people really going to want to invest significant long term capital in a place where the government might try to personally punish your company.

Would incentives like these be worth the risk that operating in these states have to your workers and capital investments?
 
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jason8957

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Texas may not have a state income tax, but I pay more in property taxes than I do in federal income taxes. And that doesn't include state sales taxes. But, I don't have a real basis for comparison with other states to decide whether calling Texas a low tax state is accurate or not. I can tell you that it isn't just one property tax. There are at least half a dozen governmental agencies with property taxing powers on my house and it is a lot to keep up with who they are accountable to.
 
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