You and people you know will lead worse and less fulfilling lives due to this. You, or someone you love, will likely die of causes that would have been preventable without this destruction of domestic science. Academic culture undoubtedly needed reform, but this evisceration bent on shortsighted retribution will help absolutely nobody.
Reallocating 20-30% of the budget from fundamental to applied research isn’t “evisceration,” and may well save your life or that of someone you know because some fundamental advance actually was applied in practice instead of languishing in a study nobody ever read. What’s your response to this point in the article:
> TIP’s mission is to address the decades-old complaint that the agency, traditionally focused on curiosity-driven research with no obvious commercial value, needs to do more to make sure scientific discoveries eventually benefit society—in new jobs and products, improved health care, or a rising standard of living.
Also, it’s a bad habit of our times to emotionalize these issues. It’s the same tactic as “think of the children”—it makes people react with their primitive brain stems instead of their higher faculties.
If you haven't read it already, it's really worth digesting the arguments Vannevar Bush made regarding funding basic science in 1945 (Science: The Endless Frontier) which resulted in the NSF as we know it being founded:
"A nation which depends upon others for its new basic scientific knowl-
edge will be slow in its industrial progress and weak in its competitive
position in world trade, regardless of its mechanical skill."
I think FROs are certainly worth exploring, but if we're diverting vast amounts of funding to existing research infrastructure and talent to funding them, the opportunity costs are huge. This is not well appreciated, but universities are in fact very cheap places to do research compared to any modern alternative one might construct. I suspect FROs will end up being much more expensive just for structural reasons, and will end up re-discovering the university bundle slowly and piece by piece. Moreover, for many types of research they will have to effectively rebuild a range of infrastructure (facilities, equipment, etc.) that already exists at universities throughout the country.
None of this justifies blowing up the extensive basic research infrastructure we have today in pursuit of unproven experiments. Once they're proven, a conversation can be had about how to reconfigure existing assets and new government-funded approaches. But such discussions must include congress, the appropriators of the funds.
”For example, it allows NSF to make awards to nontraditional recipients such as a limited partnership or a venture capital firm, some of which might have been created solely for the purpose of receiving the NSF award. It also allows NSF to make additional awards without the need to review a new application.”
I think this is the larger point that is easy to miss.
Thinking about this as slashing science or making it more efficient or short sighted or innovative is all a distraction.
It’s just another opportunity to give money to the friends of those in government and take money from those you don’t. Say want you want about how it used to be, but this and the new rules around “political oversight” are just corruption and grift that are either wearing a mask of ideology or efficiency based on your political stance
I think it's also a way to reduce funding to universities (which are politically disfavored), since other things like arbitrary reductions to indirect costs didn't work. It also defies both congressional will in the appropriations bill (which is directorate-specific) and of course the whole charter and mandate of NSF, from Vannevar Bush's original case for it.
It’s so weird. Presumably the conservatives still want the US to be a superpower, which presumably includes high-tech capabilities like global power projection, missile defense, and persistent space operations. At the same time they seemingly want a Cultural Revolution-like decimation of intellectuals.
I don’t see how they believe they can attain both objectives at once.
> Presumably the conservatives still want the US to be a superpower,
I used to think that too, but it seems evident the current crop of conservatives is only interested in hurting people they don’t like and funneling money into the pockets of oligarchs. It’s pretty evident now that none of this is being done out of patriotism or a genuine desire to improve America.
We think these are related, just like you do. The difference is that you assume that hurting billionaires will improve America while we assume that hurting NGOs and postmodernist academics will do so.
And that difference results from the fact that you think you can construct a new society without billionaires and industrialists that nonetheless offers the prosperity we have today, and more. By contrast, we think the way to get more prosperity is to do more of the things that made America prosperous in the past.
There's at least a subset of them who do not. They want isolationism. Almost a juche sort of mentality. Stop propping up Europe/NATO. "No more foreign wars" was their rallying point. The Iran war really brought them to the surface, a lot of them were very unhappy with the Trump administration about that.
> The Iran war really brought them to the surface, a lot of them were very unhappy with the Trump administration about that.
So, like...Thomas Massie and Rand Paul?
There were only four republicans in the House and four in the Senate to vote to limit war powers, and I don't think you could claim Murkowski or Collins are isolationists.
Or did you mean this subset was "very unhappy" in like a completely impotent and meaningless way, but they'll have been 100% against it six months or 2.5 or 4.5 years from now?
But not even. At least in the domain I work in, there is virtually no interest of engaging with these NSF programs. Regardless of what's put in writing in the calls for applicants, there's still a significant prejudice that NSF - by being a part of the government - will be slow and ineffective at administering awards, and therefore it's a waste of time for any agile, fast-moving company.
On the flip-side, my academic colleagues are tearing out their hair trying to get some - any - funding to support their labs. I'm completely inundated with request from colleagues to provide an LOI or some other evidence that our company is interested in working with their lab on something. But that's even _less_ attractive for many private companies!
It’s a political revenge move, there’s no strategy toward a better outcome such as AI (however questionable that would be) as that’s not the point of it
That seems like typical establishment / reactionary push-back. NSF is spinning up Focused Research Organizations, which are very effective ways of getting basic research done that wouldn't otherwise be funded, and to do so in a way that allows for commercial spin-offs. That's not a handout.
he took $100 million from park funds for his own birthday party
he just ransacked the nuclear missile maintenance program for almost a BILLION dollars to refurbish a half-billion dollar plane which he intends to keep somehow despite wildly illegal under emoluments clause
Iran War spent a BILLION dollars a day and has to be restocked
US funds and supplies Israel 2/3rd of their entire weapons supply (while they have universal healthcare)
again, not about savings, about destruction of science and medicine
> By levying such a large tax on its other programs, the agency appears to be defying a congressional directive in the final FY 2026 appropriations bill that “No [NSF] directorate shall receive more than a 5 percent reduction relative to the fiscal year 2024 enacted level.” That language was meant to address fears by the research community and some legislators that NSF, if its overall budget remained flat, might decide to grow TIP at the expense of its other directorates—a concern that now appears prescient.
What I find so hard to wrangle is that the Trump admin does almost everything in an illegal hamfisted way, whatever their doing gets stricken down by courts, and then a year later we’re just spending time and resources undoing the obviously illegal things they do.
This change even seems like a positive one I wish they should just pass a bill like a normal government.
Yes. imho it's impeachable because the repeated defiance of Congress indicates an unwillingness to 'faithfully execute the laws'. I'm pretty sure you could measure the statistical probability of this being intentional rather than simply erroneous by looking at the distributions of affirmations or reversals in court decisions.
This is not a positive change. Applied research that makes profits is for industry. Industry will never fund curiosity-driven research in any amount, so the government needs to do it. Redirecting government funding for a function already served by industry is stupid and just another vehicle for corruption.
> Created in 2022, TIP’s mission is to address the decades-old complaint that the agency, traditionally focused on curiosity-driven research with no obvious commercial value, needs to do more to make sure scientific discoveries eventually benefit society—in new jobs and products, improved health care, or a rising standard of living.
This seems like a decent initiative started under Biden’s pro technology/ industrial policy umbrella. It was launched as part of the hugely successful CHIPS act.
Your critique is a false dichotomy. There is a large spectrum between “purely curiosity driven research” and “research that has near term venture outcomes” where applied research lives. Something like the Bell Lans semi conductor and related research would fit into this. Not immediately venture scale focused research, but could lead to it.
Just because Trump is repurposing it for illegal grift doesn’t mean it’s a bad group to put resources into in general.
The next generation of life-improving technologies will likely come out of AI/robotics trained on high-quality data that hasn't been collected yet. Medical, ecological, resource and waste management, agriculture, home automation, etc.
Scientists are literal pros at identifying and collecting (if not organizing) high-quality data.
This really should be a period of supercharging basic science in recognition of that, not looting it.
Rest assured, this will likely come with no small amount of grift.
The Trump administration has already installed political appointees in America’s federal R&D organizations including the NIH and NSF. They have final say on funding decisions. These appointees override grant peer review and regular agency channels. It’s all part of Russel Vought/Project 2025’s unitary executive theory.
These NSF initiatives could well be the next logical step to channel millions of research funds to politically connected companies and organizations. Something similar happened with the recent Reflecting Pool fiasco where the federal contracts were give to Trump donors.
There’s no reason not to believe this will also happen to America’s federal R&D. Grift aside, there’s no reason either not to believe the funds will be given to Trump administration pet projects of dubious scientific value.
> Rest assured, this will likely come with no small amount of grift.
I naturally expect this money to go to tech companies who have time and time again proven their ability to innovate and thrive in the bleeding edge: basically Oracle.
Please don’t say things which reveal how stupid you are.
Essentially all technological advances today stem from fundamental research.
It’s fine if you don’t want these advances, but then don’t complain when your life expectancy regresses.
15 years ago you could argue that venture capital wasn't funding enough advanced tech, so ideas were failing to cross the gap from pure research to commercial development. But lately there's capital available for quantum computers, fusion, synthetic bio, space exploration, asteroid mining, and lots more. The government is going to suck at funding the right things. They should leave tech transfer to private investors, and focus on funding pure science.
> quantum computers, fusion, synthetic bio, space exploration, asteroid mining
Poster children for tech with no realistic commercial prospects. Projects in these fields have been pipe dreams for decades. Where are any commercial products in the areas of fusion reactors? Quantum computers? Asteroid mining operations?
If private investors want to fund this stuff, fine. As long as they don't come seeking bailouts later.
General Fusion's approach seems pretty realistically commercializable. They're struggling to get any funding though, probably a symptom of being in Canada.
Not only that, but fusion itself is absolutely not what a tech venture capitalist wants to fund. The research horizon for fusion power is in the multiple decades. You're never going to find an investor that says "Yeah, I'll give you enough money to build a fusion reactor and do research for 20+ years in the hopes that you get something workable"
Fusion is literally still in the pure science stage that OP was telling governments to stick too.
> The government is going to suck at funding the right things
I'm pretty sure you have this totally backwards. People who study scientific development seem to think that the government is actually a really effective funder of research, and covers gaps that would never be addressed by private industry. See for example:
>The government is going to suck at funding the right things.
The government is actually really really good at funding the right things. The grant process has been extremely successful in directing funding efficiently towards cutting edge ideas. It does this by handing off the decision making to experts who review proposals rather than having political/profit driven kingmakers.
In contrast corporate/VC money mostly only funds the latest shiny bauble that may result in exit liquidity in a few years. The minority investments in things like fusion are still only applied work and are built on decades of unprofitable basic science.
In other words. Government funding has basically funded every science/tech breakthrough of the last 80 years.
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.
Of 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?
In 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.
The sooner the public learns that the public coffers aren't theirs, and will never be theirs, the better.
Taxpayers get their cut through results being public for anyone to use. It's science for a better society at large, not for the benefit of the few that can wield it.
You and people you know will lead worse and less fulfilling lives due to this. You, or someone you love, will likely die of causes that would have been preventable without this destruction of domestic science. Academic culture undoubtedly needed reform, but this evisceration bent on shortsighted retribution will help absolutely nobody.
Reallocating 20-30% of the budget from fundamental to applied research isn’t “evisceration,” and may well save your life or that of someone you know because some fundamental advance actually was applied in practice instead of languishing in a study nobody ever read. What’s your response to this point in the article:
> TIP’s mission is to address the decades-old complaint that the agency, traditionally focused on curiosity-driven research with no obvious commercial value, needs to do more to make sure scientific discoveries eventually benefit society—in new jobs and products, improved health care, or a rising standard of living.
Also, it’s a bad habit of our times to emotionalize these issues. It’s the same tactic as “think of the children”—it makes people react with their primitive brain stems instead of their higher faculties.
If you haven't read it already, it's really worth digesting the arguments Vannevar Bush made regarding funding basic science in 1945 (Science: The Endless Frontier) which resulted in the NSF as we know it being founded:
https://nsf-gov-resources.nsf.gov/2023-04/EndlessFrontier75t...
"A nation which depends upon others for its new basic scientific knowl- edge will be slow in its industrial progress and weak in its competitive position in world trade, regardless of its mechanical skill."
I think FROs are certainly worth exploring, but if we're diverting vast amounts of funding to existing research infrastructure and talent to funding them, the opportunity costs are huge. This is not well appreciated, but universities are in fact very cheap places to do research compared to any modern alternative one might construct. I suspect FROs will end up being much more expensive just for structural reasons, and will end up re-discovering the university bundle slowly and piece by piece. Moreover, for many types of research they will have to effectively rebuild a range of infrastructure (facilities, equipment, etc.) that already exists at universities throughout the country.
None of this justifies blowing up the extensive basic research infrastructure we have today in pursuit of unproven experiments. Once they're proven, a conversation can be had about how to reconfigure existing assets and new government-funded approaches. But such discussions must include congress, the appropriators of the funds.
”For example, it allows NSF to make awards to nontraditional recipients such as a limited partnership or a venture capital firm, some of which might have been created solely for the purpose of receiving the NSF award. It also allows NSF to make additional awards without the need to review a new application.”
obvious grifting opportunity
I think this is the larger point that is easy to miss.
Thinking about this as slashing science or making it more efficient or short sighted or innovative is all a distraction.
It’s just another opportunity to give money to the friends of those in government and take money from those you don’t. Say want you want about how it used to be, but this and the new rules around “political oversight” are just corruption and grift that are either wearing a mask of ideology or efficiency based on your political stance
More or less a handout to the tech industry. This is just the STTR program with even less oversight and a questionable funding source.
Curious what the plan is when the academic pipeline for training researchers collapses entirely. AI all the things?
I think it's also a way to reduce funding to universities (which are politically disfavored), since other things like arbitrary reductions to indirect costs didn't work. It also defies both congressional will in the appropriations bill (which is directorate-specific) and of course the whole charter and mandate of NSF, from Vannevar Bush's original case for it.
Yeah, this is all well-attested.
It’s so weird. Presumably the conservatives still want the US to be a superpower, which presumably includes high-tech capabilities like global power projection, missile defense, and persistent space operations. At the same time they seemingly want a Cultural Revolution-like decimation of intellectuals.
I don’t see how they believe they can attain both objectives at once.
The assumption is that the people in the universities who can build missiles can pretty easily be distinguished from those who can’t.
> Presumably the conservatives still want the US to be a superpower,
I used to think that too, but it seems evident the current crop of conservatives is only interested in hurting people they don’t like and funneling money into the pockets of oligarchs. It’s pretty evident now that none of this is being done out of patriotism or a genuine desire to improve America.
> hurting people they don’t like
> genuine desire to improve America
We think these are related, just like you do. The difference is that you assume that hurting billionaires will improve America while we assume that hurting NGOs and postmodernist academics will do so.
And that difference results from the fact that you think you can construct a new society without billionaires and industrialists that nonetheless offers the prosperity we have today, and more. By contrast, we think the way to get more prosperity is to do more of the things that made America prosperous in the past.
> Presumably the conservatives still want the US to be a superpower
Why would you presume that? Isn't enough that they get rich and powerful as compared to others around them?
There's at least a subset of them who do not. They want isolationism. Almost a juche sort of mentality. Stop propping up Europe/NATO. "No more foreign wars" was their rallying point. The Iran war really brought them to the surface, a lot of them were very unhappy with the Trump administration about that.
> The Iran war really brought them to the surface, a lot of them were very unhappy with the Trump administration about that.
So, like...Thomas Massie and Rand Paul?
There were only four republicans in the House and four in the Senate to vote to limit war powers, and I don't think you could claim Murkowski or Collins are isolationists.
Or did you mean this subset was "very unhappy" in like a completely impotent and meaningless way, but they'll have been 100% against it six months or 2.5 or 4.5 years from now?
> Or did you mean this subset was "very unhappy" in like a completely impotent and meaningless way?
That’s how I understood it, yes. So unhappy that they’ll write him in for a third term.
But not even. At least in the domain I work in, there is virtually no interest of engaging with these NSF programs. Regardless of what's put in writing in the calls for applicants, there's still a significant prejudice that NSF - by being a part of the government - will be slow and ineffective at administering awards, and therefore it's a waste of time for any agile, fast-moving company.
On the flip-side, my academic colleagues are tearing out their hair trying to get some - any - funding to support their labs. I'm completely inundated with request from colleagues to provide an LOI or some other evidence that our company is interested in working with their lab on something. But that's even _less_ attractive for many private companies!
It’s a political revenge move, there’s no strategy toward a better outcome such as AI (however questionable that would be) as that’s not the point of it
That seems like typical establishment / reactionary push-back. NSF is spinning up Focused Research Organizations, which are very effective ways of getting basic research done that wouldn't otherwise be funded, and to do so in a way that allows for commercial spin-offs. That's not a handout.
The whole point of an FRO is to have less oversight than a traditional government grant or contract.
again, it's all Russell Vought
most people know who Stephen Miller is but the real monster is Russell Vought
Heritage Foundation's #1 enforcer, the destruction of science and academia is their top 10
if Vance, their prized successor, somehow gets the reins in 2029 country is absolutely cooked
* https://www.propublica.org/article/russ-vought-trump-shadow-...
* https://www.propublica.org/article/video-donald-trump-russ-v...
They say they care about spending but ignore DOD financial shenanigans, which implies it's not about spending and only about what they like.
has nothing to do with money, it's about destroying science and medicine
president burns $2 million in federal funds almost every weekend golfing https://DidTrumpGolfToday.com
he took $100 million from park funds for his own birthday party
he just ransacked the nuclear missile maintenance program for almost a BILLION dollars to refurbish a half-billion dollar plane which he intends to keep somehow despite wildly illegal under emoluments clause
Iran War spent a BILLION dollars a day and has to be restocked
US funds and supplies Israel 2/3rd of their entire weapons supply (while they have universal healthcare)
again, not about savings, about destruction of science and medicine
> US funds and supplies Israel 2/3rd of their entire weapons supply (while they have universal healthcare)
This is misleading.
Israel’s annual budget is $270 Billion, of which $45 Billion is military. US aid is around $3.8 Billion a year.
> By levying such a large tax on its other programs, the agency appears to be defying a congressional directive in the final FY 2026 appropriations bill that “No [NSF] directorate shall receive more than a 5 percent reduction relative to the fiscal year 2024 enacted level.” That language was meant to address fears by the research community and some legislators that NSF, if its overall budget remained flat, might decide to grow TIP at the expense of its other directorates—a concern that now appears prescient.
What I find so hard to wrangle is that the Trump admin does almost everything in an illegal hamfisted way, whatever their doing gets stricken down by courts, and then a year later we’re just spending time and resources undoing the obviously illegal things they do.
This change even seems like a positive one I wish they should just pass a bill like a normal government.
Yes. imho it's impeachable because the repeated defiance of Congress indicates an unwillingness to 'faithfully execute the laws'. I'm pretty sure you could measure the statistical probability of this being intentional rather than simply erroneous by looking at the distributions of affirmations or reversals in court decisions.
This is not a positive change. Applied research that makes profits is for industry. Industry will never fund curiosity-driven research in any amount, so the government needs to do it. Redirecting government funding for a function already served by industry is stupid and just another vehicle for corruption.
> Created in 2022, TIP’s mission is to address the decades-old complaint that the agency, traditionally focused on curiosity-driven research with no obvious commercial value, needs to do more to make sure scientific discoveries eventually benefit society—in new jobs and products, improved health care, or a rising standard of living.
This seems like a decent initiative started under Biden’s pro technology/ industrial policy umbrella. It was launched as part of the hugely successful CHIPS act.
Your critique is a false dichotomy. There is a large spectrum between “purely curiosity driven research” and “research that has near term venture outcomes” where applied research lives. Something like the Bell Lans semi conductor and related research would fit into this. Not immediately venture scale focused research, but could lead to it.
Just because Trump is repurposing it for illegal grift doesn’t mean it’s a bad group to put resources into in general.
The next generation of life-improving technologies will likely come out of AI/robotics trained on high-quality data that hasn't been collected yet. Medical, ecological, resource and waste management, agriculture, home automation, etc.
Scientists are literal pros at identifying and collecting (if not organizing) high-quality data.
This really should be a period of supercharging basic science in recognition of that, not looting it.
Rest assured, this will likely come with no small amount of grift.
The Trump administration has already installed political appointees in America’s federal R&D organizations including the NIH and NSF. They have final say on funding decisions. These appointees override grant peer review and regular agency channels. It’s all part of Russel Vought/Project 2025’s unitary executive theory.
These NSF initiatives could well be the next logical step to channel millions of research funds to politically connected companies and organizations. Something similar happened with the recent Reflecting Pool fiasco where the federal contracts were give to Trump donors.
There’s no reason not to believe this will also happen to America’s federal R&D. Grift aside, there’s no reason either not to believe the funds will be given to Trump administration pet projects of dubious scientific value.
>It’s all part of Russel Vought/Project 2025’s unitary executive theory
And its heavily inspired by the nazi Carl schmitt that created the legal foundation for Hitlers rule.
> Rest assured, this will likely come with no small amount of grift.
I naturally expect this money to go to tech companies who have time and time again proven their ability to innovate and thrive in the bleeding edge: basically Oracle.
I hope everyone gets it that it is sarcasm, painful as it is.
Oracle innovate? This must be sarcasm.
“According to a June 18 memo…” That’s cool, bruh. Can we see the memo?
No. It's confidential and the reporter has seem it, but to protect their source isn't going to share it verbatim.
That's not suspicious or anything...
It’s to repay the bribes
Making an effort so that the tax payers are getting a return on their investment instead of letting it go up in smoke is a good thing.
Fundamental Science is responsible for most of the money being generated today, Einstein…
What a hilariously fact- and understanding-free piece of ragebait.
Please don’t say things which reveal how stupid you are.
Essentially all technological advances today stem from fundamental research. It’s fine if you don’t want these advances, but then don’t complain when your life expectancy regresses.
15 years ago you could argue that venture capital wasn't funding enough advanced tech, so ideas were failing to cross the gap from pure research to commercial development. But lately there's capital available for quantum computers, fusion, synthetic bio, space exploration, asteroid mining, and lots more. The government is going to suck at funding the right things. They should leave tech transfer to private investors, and focus on funding pure science.
> quantum computers, fusion, synthetic bio, space exploration, asteroid mining
Poster children for tech with no realistic commercial prospects. Projects in these fields have been pipe dreams for decades. Where are any commercial products in the areas of fusion reactors? Quantum computers? Asteroid mining operations?
If private investors want to fund this stuff, fine. As long as they don't come seeking bailouts later.
General Fusion's approach seems pretty realistically commercializable. They're struggling to get any funding though, probably a symptom of being in Canada.
A symptom of not bribing the Orange Purse King?
Not only that, but fusion itself is absolutely not what a tech venture capitalist wants to fund. The research horizon for fusion power is in the multiple decades. You're never going to find an investor that says "Yeah, I'll give you enough money to build a fusion reactor and do research for 20+ years in the hopes that you get something workable"
Fusion is literally still in the pure science stage that OP was telling governments to stick too.
The same thing could have been said about AGI 10 years ago.
> The government is going to suck at funding the right things
I'm pretty sure you have this totally backwards. People who study scientific development seem to think that the government is actually a really effective funder of research, and covers gaps that would never be addressed by private industry. See for example:
* https://www.aau.edu/newsroom/leading-research-universities-r...
* https://news.northwestern.edu/stories/2022/07/government-fun...
* https://www.americanscientist.org/article/%E2%80%9Cwhy-are-w...
>The government is going to suck at funding the right things.
The government is actually really really good at funding the right things. The grant process has been extremely successful in directing funding efficiently towards cutting edge ideas. It does this by handing off the decision making to experts who review proposals rather than having political/profit driven kingmakers.
In contrast corporate/VC money mostly only funds the latest shiny bauble that may result in exit liquidity in a few years. The minority investments in things like fusion are still only applied work and are built on decades of unprofitable basic science.
In other words. Government funding has basically funded every science/tech breakthrough of the last 80 years.
Spot on.
> But lately there's capital available for quantum computers, fusion, synthetic bio, space exploration, asteroid mining, and lots more
Hmm I wonder how these were originally funded when it was less likely that they would work.
And by cutting funding now, I wonder what we're missing out on in the future.
Tax payers fund the research, they should get a cut of whatever company uses that research.
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.
Of 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?
They do as soon as that company makes a profit, or anyone sells shares in that company.
In 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.
The sooner the public learns that the public coffers aren't theirs, and will never be theirs, the better.
Agreed. Imagine an IPO where you put in money and then get no returns. Who would invest?
That is in part why corporate taxes exist.
Sure they exist. But there's so many write offs and loop holes it doesn't really matter.
Taxpayers get their cut through results being public for anyone to use. It's science for a better society at large, not for the benefit of the few that can wield it.