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The time bomb in the tax code that's fueling mass tech layoffs

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Re: The time bomb in the tax code that's fueling mass tech layoffs

#451

Post by dclowd9901 »

yieldcrv wrote: post #270
gigatexal wrote: post #253

Earlier quoted context omitted.

This is a highlight in an otherwise shitty bill. I saw let Trump’s ugly bill die and then a small fix up to the tax code could be this. Should be able to pass.

This bill is goated for upper middle class and tech and defense sector And I’m tired of pretending like we aren’t going to be beneficiaries Every Congress increases the debt, we can acknowledge that the cuts they picked are going to wreck the lower class especially with the medicaid, we can acknowledge that it won’t meet its goals of cuts but are you guys just scared to acknowledge its going to super charge things th…

I have to say that you sound very biased in the way you're talking about the bill. If a primary goal of this administration is to cut and make government more efficient, this bill is about as big of a failure as one could conceive. Any reasonable person would have to admit that.

I'm fine admitting that I would benefit greatly from this bill. I also hope to heaven it doesn't pass because an additional trillion dollars to suit me sounds asinine. I don't need help.

Re: The time bomb in the tax code that's fueling mass tech layoffs

#452

Post by gscott »

demosthanos wrote: post #96

There are some misunderstandings in the comments that seem to stem from not having read the section, so I thought it was worth referencing the actual text [0]. It's quite short and easy to read. The most important bits: * Subsection (a) requires amortizing "Specified research or experimental expenditures" over 5 years (paragraph (2)) instead of deducting them (paragraph (1)) * Paragraph (c)(3) is a Special Rule that…

I thought wages were deductible anyway. Say you pay a developer $250,000 a year. The employee pays the tax on their own wages.

Re: The time bomb in the tax code that's fueling mass tech layoffs

#454

Post by Braxton1980 »

paulryanrogers wrote: post #431
rayiner wrote: post #402

Earlier quoted context omitted.

> If the US were approximately an equal democracy, this might be less of an issue Equal to what?

Equal in voting rights. Gerrymandering has been perfected by Republicans. Through that they manage to dilute votes of the opposition. Other measures discourage voters likely to vote against them, like people who cannot easily take time off to vote in person or who have changed their name. Blocking rank choice and maintaining first past the post also disenfranchise third parties, and reinforces the power of incumbents…

Governors are elected by popular vote.

Re: The time bomb in the tax code that's fueling mass tech layoffs

#455

Post by Braxton1980 »

kenjackson wrote: post #348
candiddevmike wrote: post #219

Earlier quoted context omitted.

As a progressive, it seems like the Democrats always have Senate spoilers...

But this is the type of thing that progressives would like support (tax big corporate America).

What makes you think this?

Re: The time bomb in the tax code that's fueling mass tech layoffs

#456

Post by Braxton1980 »

rayiner wrote: post #408
adgjlsfhk1 wrote: post #363

Earlier quoted context omitted.

if you retain power, you can fix it. the US government currently has the significant problem that one party campaigns on the government being dysfunctional, so they do their best to make it so.

[flagged]

What makes California's government dysfunctional?

What about Detroit?

Re: The time bomb in the tax code that's fueling mass tech layoffs

#457

Post by Braxton1980 »

_heimdall wrote: post #376
adgjlsfhk1 wrote: post #363

Earlier quoted context omitted.

if you retain power, you can fix it. the US government currently has the significant problem that one party campaigns on the government being dysfunctional, so they do their best to make it so.

But what would trump have done if he retained the presidency and lost congress? That's also been pretty common over the last few decades if I'm mistaken, a president with one or both sides of Congress is reelected but Congress flips to the opposition party.

He would do nothing because his supporters believe misinformation and worship him.

Prices haven't gone down at all nor will bringing manufacturing to the US do this (likely causing them to go up) but his approval rating is 50%

Re: The time bomb in the tax code that's fueling mass tech layoffs

#458

Post by Braxton1980 »

devmor wrote: post #405
_heimdall wrote: post #376

Earlier quoted context omitted.

But what would trump have done if he retained the presidency and lost congress? That's also been pretty common over the last few decades if I'm mistaken, a president with one or both sides of Congress is reelected but Congress flips to the opposition party.

I would suppose that the Democrats would remove the policy regardless of who was in charge.

How?

Re: The time bomb in the tax code that's fueling mass tech layoffs

#459

Post by Braxton1980 »

_heimdall wrote: post #380
kenjackson wrote: post #349

Earlier quoted context omitted.

No. It’s after re-election. Bad news late in your second term isn’t that big of a deal, unless you care about legacy.

Most presidents care about legacy, at least to me it seems like trump holds that as a higher priority than most.

>me it seems like trump holds that as a higher priority than most

Why?

Re: The time bomb in the tax code that's fueling mass tech layoffs

#460

Post by tempeler »

e40 wrote: post #227

It's not only that, ZIRP[1] contributed. Also, the 10+ years before the layoffs started tech companies were on a hiring binge. Much of big tech was hiring to keep people off the market and off their competitors payrolls (this is from friends of friends in FANG HR departments). These were high paying jobs, too. [1] https://news.ycombinator.com/item?id=44141650

In knowledge-based white-collar work, there has been a significant increase in productivity in recent times. Tasks that once took days or even weeks—such as research, content creation, and visual generation—can now be completed within minutes. At the same time, both the speed of production and the quality of output are continuously improving. The outcomes are unavoidable.
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