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How exactly would tax payers end up with the build? Literally everything into the bubble was private capital like SoftBank, Microsoft. Big players subsidising
by simianwords 1y ago
How exactly would tax payers end up with the build? Literally everything into the bubble was private capital like SoftBank, Microsoft.
Big players subsidising AI in hopes they can make profit later. Same as with Uber.
So why is it tax payers who would end up with billions? It’s pretty clear that if bubble bursts it is Microsoft, SoftBank etc that would lose the most money.
- zippyman55 1y agoLook at sports stadiums. Cities think they need them and cut huge tax breaks for the teams. Then the Oakland/LA/Oakland/Vegas Raiders holds the cities hostage. So, I’m thinking the infrastructure buildout, zoning, water, electricity capacity upgrades, not to mention tax breaks to entice movement to the location are greatly subsidized by taxpayers. I also wonder if after the blowup if the water and power capacity can be bundled and sold similar to the water rights in many parts of Southern California.
- simianwords 1y agoWhat tax breaks have already been applied?
- tim333 1y agoI can't see a taxpayer bailout of AI companies. However a lot of stock market value that ordinary peoples savings have gone into would evaporate.