it's unfortunate that these funding don't actually bring in profits with which to maintain and continue future funding. It's why i somewhat dislike the publicly funded research model, because the commercialization of basic research is what leads to profit in the future, and this part is poorly done by gov'ts (or very well done by private parties looking to profit off public research).
I say that to change the system, these basic research should have IP associated with it, by which if companies use it, they pay a royalty after they achieve profit of $X (where X can be decided based on the research itself). It's obvious that taxes aren't sufficient.
it's unfortunate that these funding don't actually bring in profits with which to maintain and continue future funding. It's why i somewhat dislike the publicly funded research model, because the commercialization of basic research is what leads to profit in the future, and this part is poorly done by gov'ts (or very well done by private parties looking to profit off public research).
I say that to change the system, these basic research should have IP associated with it, by which if companies use it, they pay a royalty after they achieve profit of $X (where X can be decided based on the research itself). It's obvious that taxes aren't sufficient.