Thread

1. simonw · 1790862939 · focus · HN ↗

   > Under a tax credit created in the 1980s to spur innovation, companies can get a rebate for supplies, but only if they are being tested in an experimental effort, not standard business operations. Meta is claiming that the costly A.I. computer chips it buys from companies, including Nvidia, are entitled to a taxpayer-provided discount as part of the experiment. [...]

   > The company started claiming the credit for the data centers two years ago. Since then, Meta’s savings from the credit have soared, trimming almost $4 billion off its tax bill last year, filings show.

   Yeah... as a US citizen and taxpayer I think I'd like that $4 billion back.

   1. tt24 · 1790864368 · focus · HN ↗

      Don’t worry, you won’t be getting any of that money. It’ll be going in entirety to the utility monster (bottom quintile)

      1. danny_codes · 1790867547 · focus · HN ↗

         I don’t see the connection between the utility monster concept and poor people.

         Also I’m confused, do you want a regressive tax system?

         1. tt24 · 1790868564 · focus · HN ↗

            Yes, I’d prefer a regressive tax system.

            1. mcmcmc · 1790869556 · focus · HN ↗

               Ah, you must be one of those efficient evil types Thiel was talking about

               1. logicchains · 1790871657 · focus · HN ↗

                  There's nothing good about taking from people who work hard to give to people who live off other people's hard effort while contributing nothing to society.

                  1. danny_codes · 1790880981 · focus · HN ↗

                     Fascinating. Does this include inheritance, or is that an exception to your rule.

                     1. tt24 · 1790923665 · focus · HN ↗

                        Well inheritance isn’t taking from anyone, it’s a voluntary transaction

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