“We need to invest for the future.”
That used to refer to your own retirement portfolio, or maybe even a rainy-day fund. In the past three years, however, it has a new meaning: let’s spend tax dollars on “green” companies that may or may not work out.
You have no doubt heard the argument FOR giving money to these firms: we need to
flush our money away assist them so they’ll be on an even footing with foreign green energy companies; this technology is the wave of the future, yada, yada, yada……