What would happen if we increased research funding by X percent? How did we settle on the current funding levels? I would be curious to see a reasonable source for this. A cursory google search mostly returned opinion pieces that we should increase funding for science. I agree, but hard(er) numbers would be better. It would be great to see a back-of-the-envelope ROI for X percent funding increase in T time. Obviously funding can be applied in many ways, and the ROI is difficult to measure, but someone must have studied it.
For the immediate future, the US remains the best place for research. But dominance can begin to change before the effects become obvious, like a large company that's still profitable long after it's become irrelevant.