I'm not sure I see how low taxes inherently cause the misallocation of talent or more broadly, the underspending on R&D. I do suspect that profit motive isn't

I'm not sure I see how low taxes inherently cause the misallocation of talent or more broadly, the underspending on R&D. I do suspect that profit motive isn't enough to drive effective R&D, though, I just don't know exactly how to articulate a model for why except at the basic level that that truly searching R&D has a higher risk profile than other opportunities for profit. I support the idea of more tax-supported public funding for a variety of things. I'd also support reshaping the tax code to incentivize R&D. But I'm also not sure that's a going to give everybody their opportunity -- I'd imagine there'd still be lucky ones there too. And we'd still have a lot of work to do to address incentives that drive reproducibility issues.