I came across this little gem online. Its a brief overview of how Texas wants to capture more research dollars for its universities. Certainly a noble endeavor I'm sure. Being from Texas, I hate for us not to be first in everything. After all, everything is bigger in Texas!
As I'm reading this it comes to me...This is my money they are spending. This "investment" is tax dollars confiscated from individuals and given to someone else! Why should the Federal Government be involved in this redistribution? Isn't the private sector fully capable of investing their dollars to find cures, alternate energy sources or other innovations and then turn around and profit from their work?
Here are the 2006 expenditures (tax dollars "invested") in BILLIONS by the top 5 states from the Texas Higher Education Coordinating Board. Seems Texas has its work cut out for it to catch up.
California - $3.99
New York - $2.46
Maryland - $1.86
Texas - $1.81
Pennsylvania - $1.70
Texas has a little work to do to reach first place.
Bring home that pork!!
"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others." -- Ayn Rand