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I am so frustrated with these government programs that supply hyperactive, startups (Solyndra! Argh!) with too much funding, then crash and sully the reputation
by DaniFong 15y ago
I am so frustrated with these government programs that supply hyperactive, startups (Solyndra! Argh!) with too much funding, then crash and sully the reputation of entire fields with their profligate spending and successive failures.
The scientific grant system is even worse! With the rate of grants being accepted at 5%, everyone becomes extremely conservative. Many professors spend most of their time fundraising, not doing science. There is a good case that science would be progressing faster with no government funding at all.
There are obvious things the government could do to improve entrepreneurship. Like simply not kicking our entrepreneurs out! Stapling a green card to our graduate's diplomas -- the fact that we invest nearly a quarter million dollars in each STEM PHD and then don't let them stay has been a known absurdity for more than decade, yet they still don't fix this problem.
Or how about taxing oil and gas like everything else! Even ignoring the trillions of dollars spent policing the persian gulf region, the tax policies surrounding oil amount to an enormous subsidy, making it cheaper in the US than almost anywhere in the world. Simply taxing it would save the budget and dramatically improve prospects for green energy.
The list goes on. I'm stunned by the collective incompetence of the government in stimulating startup growth. Maybe there are good, structural reasons for inaction in the short term, but these issues have been around for years!