Re: Who's on your ignore list?
posted at 12/22/2011 4:15 PM EST
In Response to Re: Who's on your ignore list?
[QUOTE]In Response to Re: Who's on your ignore list? : Agreed; as example; we need the highways, roads and bridges kept up, Govt (us) should invest in this by hiring private compabies to do the work, part of the program should be tied to hiring PHD's sitting around doing nothing :)
Posted by gmbill[/QUOTE]
I s/w my 'cuz an hour ago. When I told him about this discussion here and how there are folks saying that corporations will give grants in place of the gov't, that a good researcher should be able to get work from the private sector, that gov't funding isn't the lion's share of research funding, and generally paraphrasing your reply to me Tuesday, here is how he responded:
1) He laughed. He has a great sense of humor.
2) He said that 95% of the funding for research comes from government funding (which, as I wrote Tuesday, is being gutted by the GOP in the House, thus effectively halting the vast majority of scientific research on campuses and in government labs, creating a massive brain drain headed toward emerging countries). Only 5% comes from private sector grants. And as anybody who has ever dealt in venture capital knows, getting only 5% of what you need might as well be 0%.
3) He said, while chuckling - and I quote - "Those people don't know what they are talking about." He meant you.
Keep in mind, he has done research at URI, Harvard and Brown, for roughly two decades, from student lab grunt to project leader Phd. I'm pretty sure he knows quite a bit more about it than you do, or than all the other people posting here - self included - save for PatsFan1966.
The cuts were made to sustain current tax breaks for the upper 2% and maintain corporate tax shelters.
I know a little - not a lot - about tax shelters, having reviewed hundreds of corporate and 1099 tax returns and noticed how comparatively little taxes are paid because of write-offs and shelters, compared to working and middle class W-2 income earners. Last year, my millionaire boss bragged of only paying $600 in federal income tax, as a recent example. I am sure you know people like that. They love their bragging rights for paying virtually no taxes on massive gross incomes, without realizing how grotesque it sounds to most of us. We all know those people.
The private sector and it's leaders want more and more and more, and they are giving less and less and less back than ever before. Even robber-baron Andrew Carnegie knew you have to give it back to sustain a healthy economy. That's not happening and that's why we have an ailing economy. Corporate charity is at a record low. Real wages are the lowest in decades. There is no disposable income to drive consumer demand. My cousin won't be buying any new durable goods until he can get a decent income - not exactly easy these days - that offers disposable income.
Maybe we just should reform the corporate system. It was not originally intended that American corporations be for a) for profit, or b) perpetual, as it was suspected corporations would grow too powerful and denominate most aspects of American life. Little know historical fact.
You are fortunate to be living a sheltered life. We envy you. But you are only running a little ahead of a snowball rolling down hill. You won't like it when it catches you. PatsFan didn't. My cousin didn't. I didn't.