Comment by Hammershaft
10 days ago
The %55 budget cut is proposed, it fortunately hasn't happened yet and it might not survive congress.
10 days ago
The %55 budget cut is proposed, it fortunately hasn't happened yet and it might not survive congress.
They can cut budgets without Congress by reappropriating money now, it's one of the powers they've managed to usurp. But they don't have to cut anything, they manage to curb spending by throwing a wrench in the whole machine and watching awards crawl to a halt. They cancel grants, fire or drive out reviewers to increase review times, or delay follow-up funding. Maybe the funding comes through eventually but students need to be funded continually; the government will pull their visas if they don't have funding to enroll.
They're also straight up harassing and arresting foreign students for no reason, so they don't even have to muck with the budget at all to materially ruin things.
Damage has been done. I working on de-investing in the USA companies and investing in the EU. USA executive branch, legislative branch, and judicial branch are a complacent in stupidity. There is no stability in the USA and no longer rule of law.
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EU is more stable. A sigle person can't declare themselves dictator and unilaterally start applying rules affecting the whole of EU.
And the "extreme" tax thing is just pure propaganda. USA pays just as much, but it's not called a "tax", it's just insurance copays (whatever that is), credit card fees, childcare fees, tuitions etc.
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I don't think the taxes are a big factor. The most entrepreneurial tech-oriented startup hubs in the US are the highest taxed states.
The regulatory environment does make a difference.
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You’re not wrong that it hasn’t been passed by congress but just the proposal has already led to a massive decrease in grants. I am not as optimistic that Congress would go against admin policy
Half of the admins goals are met simply by creating uncertainty.