Comment by ludicrousdispla
1 month ago
>> For the right investor base, $10B in annual losses at OpenAI could be worth $2-3B in tax shields
So just a loss for governments, or in other words, socializing the losses.
1 month ago
>> For the right investor base, $10B in annual losses at OpenAI could be worth $2-3B in tax shields
So just a loss for governments, or in other words, socializing the losses.
OpenAIs losses are someone else's (taxed) earnings.
Hi, I'm here to hold the bag?
We really should have thought of this before becoming peasants.
Have you tried not being poor?
1 reply →
You guys are getting bags?
Under our eyes
Your pension fund, yes.
This comment makes even less sense than jotras’ comment.
Pension funds buy shares in businesses such as Microsoft. The money going into the pension fund is not typically a function of the tax paid by companies such as Microsoft, but rather from a combination of actuaries’ recommendations, payroll tax receipts, and politicians’ priorities.
Therefore a pension funds’ equity holdings, such as Microsoft, doing well means taxes can be lower.
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>So just a loss for governments, or in other words, socializing the losses.
How's that different than any other sort of R&D incentive? Would you rather that companies return as much money as possible to shareholders, future growth be damned? What about other sorts of tax incentives, which by definition also "just a loss for governments"? Are tax breaks for people with kids also "socializing the losses", given that most households don't have kids?
I call it theft when the government steals money from people without kids to enrich parents.
No, because income equals expenditure. They are one and the same.
Private industry loses 10B. Governments mostly affected as they have less free money to extract.