Consequently what looked like a sure-fire winner in May came a cropper in November. The answer is crystal clear, clearer even than with the tourism tax. All expenditures go to benefit tourism, which is one of the biggest, richest, and most mature industries in the entire state. Paid for with State General Funds, all costs are borne by the citizenry at large, by everybody who buys a ballpark hot dog or a new pair of shoes, by everyone who earns income, including salaries and wages, rents, business dividends and interest on savings accounts. Some elected officials deem these transactions a wise and fair exchange.
Voters mostly disagree as has been shown by that most reliable of opinion polls, the ballot box.
Prosperity and Jobs . These theories are mistaken, spectacularly so, as most economists are coming to understand even those who once believed that John Maynard Keynes rather than Adam Smith held the hammer that would ultimately nail Marxism to the wall. But we need not rely on fancy theories to reach a useful conclusion here. We need to look at what is happening. Although tourism subsidies were cancelled seven years ago, Colorado s real output is climbing to record highs and its unemployment rate tumbling to record lows.