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The CEO of HBO Max, https://en.wikipedia.org/wiki/David_Zaslav https://en.wikipedia.org/wiki/David_Zaslav destroys works of art to get tax handouts from the ame
by sitkack 2y ago
The CEO of HBO Max, https://en.wikipedia.org/wiki/David_Zaslav https://en.wikipedia.org/wiki/David_Zaslav destroys works of art to get tax handouts from the american people. Yes, American Tax Payers, pay David Zaslav money to destroy works of art already created.
- kazinator 2y agoInteresting. I made a remark in my above comment which I ending up editing out, that if someone gave these execs a wad of cash for deleting something, they would.
- badlibrarian 2y agoOr, more nuanced: HBO pays artists and writers and electricians $50 million to make something. It turns out to be unmarketable. So rather than throw good money after bad, he writes it off. Then uses the tax savings to hire artists and writers and electricians to make a different thing. It's wasteful and I don't like his decisions but it's not much different from what VCs do with their expenditures. In neither case do American Tax Payers foot the bill. Zaslav could write it off and still dump it on YouTube. And VCs could open source all the Ruby code they bought between 2006 and 2016. But there's reasons they don't.
- sitkack 2y agoFalse. They had animated shows already being streamed on HBO Max that they pulled and fully wrote off. They can never be accessed again. Should be considered fully destroyed.
- badlibrarian 2y agoThat's different. Impairment is the same as Goodwill. Taxpayers are unaffected. And I think we both know quite well that the stuff that was aired still exists.
- sitkack 2y agoI can see you are passionate about this. Tax writeoffs are paid for by the taxpayers.
- badlibrarian 2y agoTax writeoffs by definition are taxpayers paying less. It reduces tax revenue and reduces the average tax paid by everyone. When your neighbor writes off their mortgage interest it does not raise your taxes. If you don't like certain policies around tax deductions then argue that. I might even agree with you.
- sitkack 2y agoWhy are you passionate about HBO Max using the destruction of artwork already produced to lower their tax bill? Many of which they bought.
- badlibrarian 2y agoSix <ul> tags upstream I all but said that HBO Max guy is an idiot. I'm personally pissed at the ACME thing. But it didn't increase your tax burden.
- deleted 2y ago[deleted]
- nerdponx 2y agoFraudulently reducing tax revenue by 1 entity/individual effectively shifts the burden of taxation to everyone else who is not willing or able to commit the same fraud. At the macro level, this adds up to billions more dollars every year in the unmanageable and unmanageably-growing federal debt. The US federal government plans to spend 16% of its total spending simply on paying interest on its debt: https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/ https://fiscaldata.treasury.gov/americas-finance-guide/natio... So-called fiscal conservatives should be howling in Congress about this kind of thing. (Narrator: they aren't.)
- def13 2y agoThey absolutely can be accessed -- all major streaming services have new episodes/movies automatically uploaded to private bittorrent trackers & usenet within hours of them going live. Of course, they content still has to be retained by those networks, but HBO Max hasn't been around so long that its contents are gone yet.
- bigtimesink 2y agoAre you talking about Coyote Vs. Acme?
- m463 2y agoHe needs to be introduced to NFT art.