Highlights

id1014358822

public institutions absorb the risk, workers and researchers build the infrastructure, and then private owners capture the upside.

✏️ The remaining step that’s missing is some of that profit going back to help the state and people in turn.. That’s what taxes are for. The state helped you.. Give back in return and share the wealth.
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id1014359489

Public investment helped create the foundations of the modern technology economy: the internet, GPS, touchscreens, voice recognition, semiconductors, artificial intelligence research, biomedical tools, and countless other commercial breakthroughs. But after those investments are converted into private fortunes, the wealthy beneficiaries ignore the source, denounce taxation as theft, and cast themselves as victims of “socialism.”

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