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They used them to research, develop and build every piece of technology you used to post this snarky comment ... ??
by jblow 8y ago
They used them to research, develop and build every piece of technology you used to post this snarky comment ... ??
- mikeyouse 8y agoNah, all this R&D and CapEx is pretax.
- awinder 8y agoThey’ve also used taxpayer giveaways to fund stock buybacks which really don’t have any effect on products they’re pushing to market. I don’t think anyone is really arguing that corporations don’t provide value, but there is a very valid to what effects tax policy have had (especially when govt makes these deals with certain envisioned effects, and without retrospecting to see if they did, we are bound to get into a place where money is poorly spent)
- AsyncAwait 8y agoThat was actually the DoD, but no surprise you don't know that.
- crunchlibrarian 8y agoNot really, they used them to buy back shares while simultaneously expanding equity compensation plans for executives. There is very little corporate investment going on anymore despite many companies being awash in new cash.
- infinite8s 8y agoReally? I'm pretty sure the internet wasn't researched and developed by corporations.
- pteredactyl 8y agoYea, Bell Labs had nothing to do with the internet.
- ardy42 8y ago> Yea, Bell Labs had nothing to do with the internet. Bell Labs existed in large part because AT&T was trying to justify its monopoly to fend off antitrust regulators. Also, I think it had more to do with building the switched telephone network than it did with building the internet. It was a pretty unique organization in time and space, and not at all typical of "corporations."
- esturk 8y agoI expected a more thought out answer from THE Jonathan Blow. There's 2 sides to every story and your reply only comes from one side.