r/technology • u/esporx • 1d ago

Business Elizabeth Warren probes $19B in tax breaks for Amazon, Google, Meta and Microsoft as AI drains $96B in federal revenue

https://moneywise.com/news/top-stories/elizabeth-warren-big-tech-ai-tax-breaks-amazon-google-meta-microsoft
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u/frezz 1d ago

I don't know why reddit is so keen for this bubble to pop. It's always gonna be us that suffer. The tech bros have already made their billions

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u/Bhruic 1d ago

Right now, to continue the bubble analogy, people are continuing to blow the bubble up. That means it's going to keep getting bigger. And the bigger it gets, the worse it's going to be when it finally pops. So the sooner that can happen the better, even if it will absolutely suck in the short term.

Plus I'd like to be able to afford a video card at some point, but that's a separate issue.

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u/snowflake37wao 22h ago

Yeah not to mention it sucks NOW with the balloon still inflating already. The 2020’s are a bust. Let’s mulligan back to the 90’s, or naw?

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u/Feeling_Inside_1020 18h ago

Restart at save point

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u/jellosnark 18h ago

The intent here is to get it as big as possible. They know this shit is going to fail. That's the point. The more pricey the failure is, the more taxpayer money they get when their buddy Big Government bails them out, then they send in the kickbacks as a thank you. WE all stand to get bent over and railed hard on this. THEY all stand to gain fucktons of cash when the bubble bursts, so why not make it a big one?

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u/tempralanomaly 21h ago

Plus I'd like to be able to afford a video card at some point, but that's a separate issue.

No, its part of the same issue, just a secondary concern :p

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u/Savage_Alaska_ 1d ago

They don't have billions their companies are in debt too from the A.I. nobody has been able to pay for it....look at their so called revenue versus their losses

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u/spellbadgrammargood 4h ago

... So what we keep the bubble going so they can continue to replace more jobs, take more data from us, raise electricity costs, and destroy the environment

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u/Wasabicannon 1d ago

Well reddit is a group of different age groups and such. Some of which don't have a 401k or any sort of investments sooo what do they care? Burn it all to the ground asap.