Comment by ludicrousdispla
7 hours 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.
7 hours 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?
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.
2 replies →
Private industry loses 10B. Governments mostly affected as they have less free money to extract.