Phil Plait has an excellent post: Wealth of Science:
Then the author said something that literally startled me:
"Scientists, till recently at least, effectively donated the wealth they created."
He's absolutely right. Again, wealth is not the same as money. Scientists take a relatively small amount of money (compared to, say, the cost of an attack helicopter or the building of a bridge) and turn it into wealth. Knowledge. Understanding. A brief moment of awe in the public when they grasp a little bit more of the Universe.
More like this
As I gave a nod to statistical tricks and subtle shell games very recently, the material I review subsequently should be viewed with skepticism and caution.
EurekAlert provides the latest dispatch from the class war, the the form of a release headlined " Family wealth may explain differences in test scores in school-age children":
And in non-goat news....
According to the study, the inflation-adjusted median wealth among Hispanic households fell 66% from 2005 to 2009. Black households suffered a 53% drop in net worth over the same period. By contrast, whites saw a decline of 16% in household wealth.
Intergenerational Wealth Transmission and the Dynamics of Inequality in Small-Scale Societies:
:-)
This excerpt from Marvin Minsky [being interviewed on the occasion of the 50th anniversary of AI] captures both the trend in "privitization of intellectual property" and the resulting dry spell in Minsky's particular branch of science: