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Today's Silicon Valley is still exceedingly liberal on social issues. But it seems more skeptical about taxes and business regulation than at any point in its recent history. Part of this is due to the rise of companies like Uber and Tesla Motors, blazing-hot start-ups that have been opposed at every turn by protectionist regulators and trade unions, in confrontations that are being used by small-government conservatives as case studies in government control run amok.
The crucial part of the short piece of legislation states that the resources mined from an asteroid would be the property of the entity undertaking the operation. This language gets around the provision of the Outer Space Treaty that says states are forbidden to establish national sovereignty over celestial bodies, which would be a prerequisite to the United States allowing a private entity to own an asteroid. It rather grants mineral rights to the asteroid, something the treaty does not mention. There is no enforcement mechanism in the event of a dispute with another country, however."