Earlier quoted context omitted.
How can they afford not to? Subtract public research funding from the economy. Go ahead - see what's left. I'll shortcut it real quick - we're all dead from lung cancer and leaded gasoline, so there's no one to do the calculation.
?? healthy people stay alive, sick people will die. Of course this is terrible but "we will all die without publically funded research" doesnt hold water. Again Im not in favour of the cuts I just cant understand how the USA continues to borrow/print money and it doesnt all come crashing down. I dont think even Trump is anti-medicine, just pro fiscal responsibility.
Oil companies weren't going to publish research saying leaded gas was bad. Tobacco companies weren't going to publish research saying cigarettes were bad. Have fun being healthy when you inhale leaded gasoline every day.
Forget about things like, you know, the internet. Or any medicine.
BTW, private companies are not paying for basic biological research. Good luck making a drug when no one knows what target to drug. VC firms will park their money in the bank instead. The value from biotechs is already marginal - investment basically vanished when interest rates went above 4.