7 ms·

Don’t give tax payer money to a profitable company.

by pokstad 2y ago

robotresearcher 2y ago
Intel lost $16.6B last quarter.
- 015a 2y ago
  Well: Don't give taxpayer money to an unprofitable company. After all: There's a reason why they're unprofitable.
  - adastra22 2y ago
    So, which is it?
    - j_bum 2y ago
      Why can’t it be both?
      - adastra22 2y ago
        Taxpayer money can’t be spent on profitable companies, and can’t be spent on unprofitable companies. Would you rather taxpayer money be spent on inefficient government agencies instead of a free market solution?
        j_bum 2y ago
        You’ve posed another false dichotomy fallacy. No, I wouldn’t.
- discardedrefuse 2y ago
  https://www.intc.com/news-events/press-releases/detail/1716/intel-reports-third-quarter-2024-financial-results https://www.intc.com/news-events/press-releases/detail/1716/... The biggest difference from 2023 Q3 is a massive loss in "Cash flows provided by (used for) operating activities". Too many pizza parties I guess. This feels more like creative accounting to justify the layoffs and other cut backs.
  - LMYahooTFY 2y ago
    Pizza parties? I think you have a lot more reading to do. This industry is hard to grasp and it's the most capital intensive industry that exists. They're not throwing pizza parties.
- interludead 2y ago
  How dire things are for the company right now
xyst 2y ago
Socialism for the rich, capitalism for the poor. Got to love the corporate welfare in this country.
jack_pp 2y ago
When the company is the only company that's building a product that's needed domestically and internationally and is essential in the modern age and their biggest competitor is in a country that you need to protect from another world superpower I'd say exceptions are in order
- dmix 2y ago
  So this entire high risk experiment is predicated on a very low risk scenario where Taiwan is invaded? Abstract national security FUD is a boon for mega-corp welfare in the US. Boeing is the model star to follow I guess.
  - jack_pp 2y ago
    that very low risk is predicated on the US sticking its neck out for Taiwan. Also considering what's happening in the world at large I wouldn't be so sure there's that low of a risk after all
    - dmix 2y ago
      > that very low risk is predicated on the US sticking its neck out for Taiwan. Half of the US military is obsessively focused on this scenario. The Ukraine war showed what an invasion of a neighboring country gains you and that one didn't involve US airforce, navy, and marines directly intervening. The odds the Chinese will suddenly be happy being poor and isolated from the west like Russians in exchange for Taiwan is extremely unlikely.
      - jack_pp 2y ago
        can the west afford to isolate itself from china though? if they are so scared how come they threaten it so much, just trolling? I mean the US just spent 8B to hedge this risk, surely you know better lol
        AtlasBarfed 2y ago
yyuugg 2y ago
If these are strategic assets, nationalize them. Otherwise, stop sending them checks.

Don’t give tax payer money to a profitable company.

robotresearcher 2y ago

Intel lost $16.6B last quarter.

015a 2y ago
Well: Don't give taxpayer money to an unprofitable company. After all: There's a reason why they're unprofitable.
- adastra22 2y ago
  So, which is it?
  - j_bum 2y ago
    Why can’t it be both?
    - adastra22 2y ago
      Taxpayer money can’t be spent on profitable companies, and can’t be spent on unprofitable companies. Would you rather taxpayer money be spent on inefficient government agencies instead of a free market solution?
      - j_bum 2y ago
        You’ve posed another false dichotomy fallacy. No, I wouldn’t.
discardedrefuse 2y ago
https://www.intc.com/news-events/press-releases/detail/1716/intel-reports-third-quarter-2024-financial-results https://www.intc.com/news-events/press-releases/detail/1716/... The biggest difference from 2023 Q3 is a massive loss in "Cash flows provided by (used for) operating activities". Too many pizza parties I guess. This feels more like creative accounting to justify the layoffs and other cut backs.
- LMYahooTFY 2y ago
  Pizza parties? I think you have a lot more reading to do. This industry is hard to grasp and it's the most capital intensive industry that exists. They're not throwing pizza parties.
interludead 2y ago
How dire things are for the company right now

xyst 2y ago

Socialism for the rich, capitalism for the poor. Got to love the corporate welfare in this country.

jack_pp 2y ago

When the company is the only company that's building a product that's needed domestically and internationally and is essential in the modern age and their biggest competitor is in a country that you need to protect from another world superpower I'd say exceptions are in order

dmix 2y ago
So this entire high risk experiment is predicated on a very low risk scenario where Taiwan is invaded? Abstract national security FUD is a boon for mega-corp welfare in the US. Boeing is the model star to follow I guess.
- jack_pp 2y ago
  that very low risk is predicated on the US sticking its neck out for Taiwan. Also considering what's happening in the world at large I wouldn't be so sure there's that low of a risk after all
  - dmix 2y ago
    > that very low risk is predicated on the US sticking its neck out for Taiwan. Half of the US military is obsessively focused on this scenario. The Ukraine war showed what an invasion of a neighboring country gains you and that one didn't involve US airforce, navy, and marines directly intervening. The odds the Chinese will suddenly be happy being poor and isolated from the west like Russians in exchange for Taiwan is extremely unlikely.
    - jack_pp 2y ago
      can the west afford to isolate itself from china though? if they are so scared how come they threaten it so much, just trolling? I mean the US just spent 8B to hedge this risk, surely you know better lol
      - AtlasBarfed 2y ago

yyuugg 2y ago

If these are strategic assets, nationalize them. Otherwise, stop sending them checks.