Talent is everywhere, opportunity is not

Re:Talent is everywhere, opportunity is not by briandear on Saturday September 21, 2019 @10:52AM (#21035695)

The idea is bad because you just created an involuntary venture capital fund by taking money from people that didn’t necessarily want to “invest” it. It’s also a bad idea because we already have venture capitalist who fund “far fetched” ideas using money from willing participants rather than the public coffers.

If you want to encourage more innovation, cut taxes on investment and capital gains to make it cheaper to invest. Cut regulations to make it easier for upstarts to disrupt the entrenched.

But a national million dollar giveaway program for wild ideas? What could possibly go wrong?

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Re:Talent is everywhere, opportunity is not by inimino on Saturday September 21, 2019 @11:41AM (#21035969)

You made a couple good points. Now we're having a conversation!

1. You don't have a choice about investing in the future of your own country. You do that when you pay taxes. Like it or not. It does not matter.

2. Venture capitalists do not fund far fetched ideas, they FOMO lemming-like fund whatever every other idiot is already funding.

Lots of people in favor of UBI simultaneously hate the idea of merit-based "big money" grants for ideas. Maybe because they don't want public opportunity programs to dry up the pool of broke-ass idealistic post-docs with big ideas and no chance to ever see any of them get funded.

[ Parent | on HN ]