|
|
|
|
|
by rualca
1771 days ago
|
|
The initial thesis was that governments get nothing in return from their investment in education and research. This is patently false. Companies pay taxes, and the higher income they make, the more taxes they pay. You may argue that over 20% in income tax is not enough, but in the case of BioNTech and Pfizer, you're arguing between two scenarios: seeing the states get about 20% from the profit extracted from billions in revenue, or getting zero due to the absence of any investment in education and basic research and supporting research projects. Getting paid a 20% chunk of a multi-billion euro revenue is not small change, and this also ignores the fact that this prior investment in education and research shared with startups, which mind you supported the bulk of the development cost of these vaccines and thus enabled humanity to have vaccines with such a low turn-around time, was what ultimately allowed the world to start seeing the light at the end of the tunnel. How valuable is that? Not to mention the externalities in fostering the creation of industries and high-value tech jobs. |
|