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> The money will be funneled into 401K Only the money from Alphabet employees who put money into their 401k will end up there. Other parts go to taxes paid by
by fragmede 10mo ago
> The money will be funneled into 401K
Only the money from Alphabet employees who put money into their 401k will end up there. Other parts go to taxes paid by Alphabet and taxes paid by the employees. The vast majority though will go into Alphabet's coffers and be used to pay back investors and make big bets on the future (ideally). Sundar gets a bunch, as does Sergey and Brin. Waymo's taken more than a decade to get this far (and it's not quite there yet). DARPA jump-started this with their Grand Challenge in 2004, so I think the government does deserve a bunch of tax revenue off of this.
- seanmcdirmid 10mo agoIndex funds have a lot of alphabet these days, so most 401ks are heavily vested in it. Future productivity increases are paying for our retirements one way prove other, especially since the birth rate is tanking.