Comment 500 million euros ... (Score 2, Interesting) 214
That's less than the federal grants a single university (UNC) got in 2022. [begin sarcasm] I'm assuming the salaries offered to relocating researchers are going to be in the €200K range at a 32% income tax rate with a regulatory environment that is going to allow them to do research unimpeded by overbearing regulations and abundant 2800 sqft family homes near major research centers in the €700K range? [end sarcasm]
There is more to attracting talent than a token contribution to a communal pool. Europe has lower wages, higher income taxes, higher property prices, and onerous regulations. There was a time when the ancillary benefits of Europe exceeded those downsides, but those times are in the past. Regardless of what misguided nonsense our tariff-in-chief pushes through in his imaginary state-of-emergency, I have no concern about a wholesale brain drain from the US.
I legitimately feel for researchers whose funding got cut. It’s undoubtedly a very unpleasant situation for them. I'm sure they have families to feed and this is going to be hard on them. However, the majority of the grants that were cut were not for STEM or medical research, contrary to the narrative pushed by detractors. Researchers whose funding got cut have options, they can seek out private backers to fund their research assuming there's value to be created from it. If Europe wants to bring in swaths of displaced social science researchers, that's absolutely their prerogative, but the cold hard truth is that the net impact on the US economy from this will be imperceptible.