FTA: _So who wields capital better: the taxman or the taxpayer?_

_Research and development markets give the nod to the taxpayer by a current margin of three to one.  Twenty-fifteen National Science Foundation estimates of total R&D expenditures show 69% funding by the business sector versus 23% federal sponsorship._

_The spread between these two numbers is indicative of the roles the private and public sectors play in society.  Much of the public-sector effort is aimed at basic research, while the private-sector adds a hefty measure of development to bring the fruits of research into the hands of the consumer.  For example, the genesis of the worldwide web was a government creation known as ARPNET, but this fledgling network came replete with a stamp reading "Not for Commercial Use Under Penalty of Law."  The private sector latched on to the web concept, raised R&D capital for everything except a stamp, and set forth to transform the world._

Full Article => {The Natural History of Tax Cuts](http://www.americanthinker.com/articles/2017/12/the_natural_history_of_tax_cuts.html)