alt Hacker News>> 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.
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>So just a loss for governments, or in other words, socializing the losses.
How's that different than any other sort of R&D incentive? Would you rather that companies return as much money as possible to shareholders, future growth be damned? What about other sorts of tax incentives, which by definition also "just a loss for governments"? Are tax breaks for people with kids also "socializing the losses", given that most households don't have kids?
No, because income equals expenditure. They are one and the same.
Private industry loses 10B. Governments mostly affected as they have less free money to extract.
OpenAIs losses are someone else's (taxed) earnings.