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Obama Says 3% of GDP Should Fund Science Research And Development
tritonman writes "Obama wants to set a goal that the US spend 3% of its GDP on scientific research and development. 'I believe it is not in our character, American character, to follow — but to lead. And it is time for us to lead once again. I am here today to set this goal: we will devote more than 3 percent of our GDP to research and development,' Obama said in a speech at the annual meeting of the National Academy of Sciences."
In other words, our children and grandchildren should pay for technological advances that make our lives easier.
"The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." -- Thomas Jefferson
It will be paid for the same way everything is paid for elsewhere... taxes.
You will see the tax burden in the US raised to 75% or so, but healthcare will be free. And the taxes will be justified based on "now you have free healthcare". And since the taxes will only affect the top earners in the country, nobody in Alabama will notice, much.
Except there will be no more small businesses, because they can't pay the taxes. Big businesses? No problem.
They can't get away from this eventuality. It is really the only way to go, at least short term. And we have seen it coming for a while now.
Where were you complaining the last 8 years as the government ran up $TRILLIONS in debt, like on an unnecessary and neverending war? Or on unleashing free credit money while wages stayed the same?
From where are you pulling "75% taxes"? What else can we do to work our way out of the hole "we" dug ourselves into?
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make install -not war