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It is clear that the government and wall street are generally of one mind on this. One recent specific way the government contributed to this is via the Tax Cut
by dfxm12 1y ago
It is clear that the government and wall street are generally of one mind on this. One recent specific way the government contributed to this is via the Tax Cuts and Jobs Act (TCJA) of 2017, which increased tax burden of R&D. They've also cut a lot of their own research funding (NIH, NSF).
I can't make the argument that the government is "hands off, small government" because I simply don't see the evidence of that. To the contrary, I have seen things like TARP, stimulus checks, oh, and the government buying 10% of Intel.
- hobs 1y agoThe only people arguing against big government are republicans when democrats are in power, otherwise everyone is happy to expand spending.
- macintux 1y agoNow that we have lawmakers openly declaring they would pick capitalism over democracy if forced to choose, I have little hope that the government will be receptive to changing anything structural.
- lovich 1y agoTaking 10% of Intel. Intel was already supposed to get this money and then retroactively were told to give up 10% for it
- pests 1y agoFWIW, in exchange for less restrictions on what they do with the money and less strict clawback terms.