re: Sec of Commerce, Howard Lutnick pushes for USA ownership in funded patents.

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While it doesn't play in right now with this, here is a friendly reminder that Elon Musk and other big tech giants are big time proponents of abolishing all IP laws.

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Oh just stop it. Show me where Musk said there should be no protection for your patent on drugs for cancer, or Microsoft trademarks.

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I've never seen this... They always want their money... The dastards also take patent rights from professors, researchers, PhD students and post Doc researchers. Of course they then license it commercially... for a fee...

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Of course, the academics and staff who made this invention will get a cut too but you are right.

Universities are often taking up to half of any grants awarded too for indirects like facility maintenance and administrative support for the primary investigator.

I’ve got to wonder how much building would stop at major universities if they weren’t scrapping 25-50% of all grants awarded to their institution into “overhead” with little to no oversight.

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Lutnick was totally stupefied when he was on Laura Ingraham's show after he was asked why are there 300k Chinese students being educated in US universities knowing they are taking advanced technology and science back to the CCP.....he was in complete hem haw mode.

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I haven't seen that interview and honestly, probably don't want to. Lol
I can't imagine ANY defense of such a stupid decision that would change my opinion of it.
While Trump is doing many good things, that decision is bonkers! fricking naive and dumb.

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So you go to a venture capitalist and they want a permanent piece of that idea for funding.

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It’s a little different. VC’s don’t get a “permanent” piece if you’re referring to royalties. They’ll get ownership in a spin out using the idea, and then monetize that by selling their share of the entity at a future date. VC funds are set up with 10-12 year life spans, so royalties don’t work in that type of model for them.

His reasoning: "If we give them the money, don't you think it's fair..."

And THIS is yet another reason the federal government has to be pulled away from funding education. In every instance where federal money has been directed toward education, the fed's have usurped authority from the states by threatening to withhold further funding unless the states kow-tow to the most recent demands Washington is making regarding curriculum and social programs.

The states simply need to tell Washington, "Thank you for the funding for education. We happily accept it, but you don't get to tell us how to run our schools, and you CERTAINLY don't get to demand any patents that may be held by our educational institutions."

D.C. money always comes with strings attached that prove to be more burdensome than any current difficulties that funding may alleviate.

These are not "anti MAGA" policies. Overall, MAGA is whatever Trump and his advisors say it is. If the policies wreak of Socialism, i.e., Protectionism, Industrial Policy, etc., the MAGA base will twist itself into justifying it and almost celebrating more governmental intrusion.

Literal socialism

In the past week the Trump admin has proposed expanding federal government, eroding states' rights, maintaining 600k Chinese student visas, and literal socialism.

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Or you can just cut spending and get there faster.

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Both baby