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Government scale funds are about 1,000x this amount. For example the US "defense" spending for 2022 is 778 Billion - billion with a B. And defense spending is
by justinbaker84 4y ago
Government scale funds are about 1,000x this amount. For example the US "defense" spending for 2022 is 778 Billion - billion with a B.
And defense spending is less than 10% of overall government spending in the US when you include state and local spending.
- _fizz_buzz_ 4y agoGovernment grants come in all kind of amounts. Some a only a few thousand and some are 7 figures.
- rchaud 4y agoDefense and the arms industry is not a government "investment" in the normal sense, it's more of an infrastructure thing that doesn't directly contribute to national wealth but serves other non-economic purposes. I'm speaking in terms of things like government equity stakes in a fledgling, or failing industry, the same kind of direct invrstment a VC would take on. The numbers are much smaller at that level because it's politically risky.