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Comment on OpenAI wants to raise 5-7 trillion dollars. Yes, Trillion

I get the joke/point that you’re making, but usually a company’s investment into research, development, expansion, etc is tax exempt. Hopefully even the most serious critics of our current capatalist economy would agree that these types of investments should be tax exempt, because it means paying more salaries or purchasing goods and services from other companies, which again means more salaries. Generally, these aren’t c-level salaries either because usually the c-suite is not producing the goods and services required.

If those investments then net a huge profit that goes to a few individuals, then yes, those profits should be taxed, unavoidably and fairly.

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rockSlayer@lemmy.world ⁨8⁩ ⁨months⁩ ago
If the number uses “b” or “t” in it’s numbers, then the companies should have the piss taxed out of them. There is no justifiable reason for numbers that large to be tax free in literally any context.

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- ABCDE@lemmy.world ⁨8⁩ ⁨months⁩ ago
  Unless they are being donated to good causes.
  
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  - wreckedcarzz@lemmy.world ⁨8⁩ ⁨months⁩ ago
    The CEO: creating a shell company as fast as possible, “for donating”
    
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    ABCDE@lemmy.world ⁨8⁩ ⁨months⁩ ago
    Hence my “good” comment; I was going to expand on that but assumed it would be interpreted correctly.
    
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Viking_Hippie@lemmy.world ⁨8⁩ ⁨months⁩ ago

a company’s investment into research, development, expansion, etc is tax exempt. Hopefully even the most serious critics of our current capatalist economy would agree that these types of investments should be tax exempt

That’s a bunch of nonsense. Taxes apply to INCOME, so any expenses are automatically tax exempt.

it means paying more salaries or purchasing goods and services from other companies, which again means more salaries.

Nope. Companies expanding AI in order to replace workers or at the very least increase productivity without increasing wages does not in any way, shape or form mean “more salaries”.

Generally, these aren’t c-level salaries either because usually the c-suite is not producing the goods and services required.

Bullshit. It’s true that the C-suite doesn’t produce anything, but they’re the first to get a raise when things go well and the last to be fired (and even then, usually with a golden parachute equivalent to several years’ pay of the average worker) when things go less well.

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- Brokkr@lemmy.world ⁨8⁩ ⁨months⁩ ago
  Companies don’t have income, they have revenue and profits. Revenue minus Costs (which include salaries, investments, materials, etc) equals Profits. The costs get detailed into different buckets which tracks investments into the company itself versus expenses that the company needs to pay to continue operating. An important number is the return on investments (ROI). A high enough ROI means the company makes more from investing in itself than it would from using the money for any other purpose.
  
  I wasn’t talking specifically about an AI company, but companies in general. The investment in AI discussed in the original article is not about immediately developing additional AI programs, but rather about expanding the production of semiconductor manufacturing to meet the needs of chips for AI. A reasonable argument could be made that this will eventually eliminate jobs. Counter arguments would likely point out that the nature of jobs would change. Personally, I think that AI is going to become a larger part of our society and we need to think about the ways that we need to react to that. It likely means investing in better education, because some of the first jobs to go will be jobs which require low intellectual contributions. I don’t think it will replace jobs which require a great degree of physical manipulation however, because robotics are simply not at that level yet.
  
  Regarding your point about c-suite raises, I addressed this very point in the last paragraph of my prior comment.
  
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Neato@ttrpg.network ⁨8⁩ ⁨months⁩ ago
Can my research into getting rich be tax exempt, too? It’s not like these are going to become public knowledge. This fucker’s going to patent everything and keep anyone else from using it.

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- Brokkr@lemmy.world ⁨8⁩ ⁨months⁩ ago
  Patenting actual inventions is absolutely necessary for industrial research to be viable. Being a patent troll is the problem. The US patent office needs to be expanded, probably doubled, to address the issue. I don’t know how well equipped other nation’s patent offices are.
  
  Patents require the disclosure of the invention so that it can be copied by others after 20 years.
  
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sin_free_for_00_days@sopuli.xyz ⁨8⁩ ⁨months⁩ ago
The theory is solid, but in reality there’s often abuse of these laws and suddenly you have Hollywood Accounting.

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