Definitely not wrong, but this is a gravy train that will be difficult to stop because of the vested interests and politicians who backed people like Soar not wanting to lose face.
There's a reason banks stopped financing flying training...too many unemployable pilots declaring bankruptcy.
As this is taxpayers money the statistics on what kind of return the taxpayer is getting on this investment should be transparent, not anecdotal, including just how much of it goes into private pockets (ref Soar)