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You don't think those employees and vendors' employees and/or vendors' shareholders paid taxes on their income, capital gains, and/or dividends?
I think they paid taxes and I think they are too low.
Seems like pretty arbitrary and baseless reasoning to conclude taxes liabilities were too low.
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I think they paid taxes and I think they are too low.
Based on the fact that Meta was able to spend $x money on developing VR? Seems like pretty arbitrary and baseless reasoning to conclude taxes liabilities were too low.
Earlier quoted context omitted.
Based on the fact that Meta was able to spend $x money on developing VR? Seems like pretty arbitrary and baseless reasoning to conclude taxes liabilities were too low.
Just a sign that profits aren’t being sufficiently taxed if $40b are trivially available for a billionaires pet project.
Or are you arguing for a tax on revenue, instead of profit?
>are trivially available for a billionaires pet project.
What could this even mean? That it is trivial to become a majority owner of a business with enough cash flow to be able to spend $40B on R&D? If so, then you we live in different universes.
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Just a sign that profits aren’t being sufficiently taxed if $40b are trivially available for a billionaires pet project.
If a business spends $40B to try to develop a new line if business, that is a business expense. If you are claiming that Meta’s R&D for virtual reality was not a legitimate business expense, but purely for Zuckerberg’s personal satisfaction, then good luck proving that. Or are you arguing for a tax on revenue, instead of profit? >are trivially available for a billionaires pet project. What could this even mean? That…
There has to be adverse selection here from the amount of money being offered right? Like ok, very few people could turn it down, but it's not going to result in a motivated team. I am imagining all these overpaid founders etc just sitting in a room like reality show contestants. Trying to make smalltalk, brainstorm jamming for months, not really producing much because... who cares, they have unbelievable money and t…