Disagree heartily, the research should be for basic science that's not directly patentable. It should develop the base upon which everything else is built, that's the part of the science that can't get funded through private money. Leave the private money to the parts that can be monetized.
replyOf course, that's all generalities, sometimes directly monetizable stuff does come out of basic research. But the NFS should focus on basic research, because nobody else will in the US, and if we want to have it here at all, have the practitioners, have the knowledge, and then also reap the economic rewards because we have those people here, we need to fund the basic science that politicians love to mock and criticize.
That would be a crappy trade; today, the public benefits multiple times over as commercialization of technology drives the innovation economy. Who cares about sharing a measly fraction of direct profits when we all get long-term growth of our investment and retirement portfolios at upwards of 10% annually?
replyAgreed. Imagine an IPO where you put in money and then get no returns. Who would invest?
replyThat is in part why corporate taxes exist.
replySure they exist. But there's so many write offs and loop holes it doesn't really matter.
replyThey do as soon as that company makes a profit, or anyone sells shares in that company.
replyIn theory, sure. In practice what the taxpayers get in exchange for their taxes is they are buying a better likelihood to not have the IRS drag them to jail or all their shit carried away / seized by feds, and the 'deal' ends there (unless you count whatever power you think you get from voting, LMAO). The taxes and public collection of profits are materially in possession of congress and/or the executive. The public is basically getting dick from that (most of FICA tax goes back to the public though maybe though not as ROI just redistribution so the poors don't riot), the politicians then use their money to bomb girls' schools in Iran or prosecute Amish for having an uninspected slaughterhouse or whatever else gets their sadistic jollies going.
replyThe sooner the public learns that the public coffers aren't theirs, and will never be theirs, the better.