A comment probably no one will see

I read on an article about government funding the author's favored ventures, to which I highly disagreed, of course.  I posted a comment to the article, but due to the fact that the author gets to decide which comments appear and don't appear, I doubt my comment will get published, so I'll put it up here for the world to read:

Of course government investment will have some successes: they have a monopoly on the resource known as tax dollars, and through sheer determination some of the boondoggles engaged in by bureaucrats will have some measure of success, but these are not what matter.  What matters is first and foremost the fact that the government has to forcibly take those tax dollars from unwilling investors in these firms.  What matters next is what those tax dollars would have been spent on instead: things people actually want from producers who have a financial stake in getting things right, which the government has no incentive, since it can always come back to you and stick its hand in your wallet for more tax dollars.  What matters thirdly is the dead weight cost of all of the failures and even the lesser successes that would never have even been tried by those gambling their own money.  The government gambles your money without fear of losing it, so it tries many more ventures that have much less chance of succeeding.  Finally, what matters still is the amount of graft and corruption in a system of publicly financed spending.  Even the legitimate successes that occurred most likely came with the additional price tag of bureaucracy and corruption.