Well, often throwing money at engineering (technology) produces sweet
outcomes. I would urge the same for medical-biological breakthroughs. It would
be an easy win for those seeking a grande ROI, return-on-investment.
On Friday, June 9, 2023 at 11:55:01 AM EDT, John Clark
<johnkcl...@gmail.com> wrote:
I recently saw two charts that vividly contrast the outcome of the economic
policies of Trump and Biden.
Trump wanted to increase US manufacturing and thought he could do that by
drastically cutting business taxes, increasing tariffs, and instigating a trade
war. But it didn't work, the money business saved by spending less on taxes
they didn't use to build new factories or increase research and development
funding but instead just used it to buy back their own stock to increase its
price; and raising tariffs did nothing but increase the price of consumer goods
and decreased the demand for them and so harmed domestic manufacturing.
By contrast under Biden's "Inflation Reduction Act" that subsidized green
energy production and his "CHIPS Act" which created incentives to build
domestic chip fabrication plants resulted in, as you can see in the above
chart, manufacturing construction more than doubleing over the past year.
John K Clark See what's on my new list at Extropolis
g8a
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