I think it better money goes into the economy, in a reasonably efficient way, rather than being taken by the State, and used in an unreasonably inefficient way.
I think it better money goes into the economy, in a reasonably efficient way, rather than being taken by the State, and used in an unreasonably inefficient way.
Depending on which line on the income statement this is about, it is either money that could be sent to shareholders as dividends or buybacks, or money going into the cash reserves of the company.
And you are pushing a lot of opinion on the "unreasonably inefficient way". Governments are often very efficient spenders when you look at outcomes, often making private industries look awful. Medicare is a great example. It has a expense ratio of about %1.3, whereas the estimate for the Medicare Advantage plans (where they get to play games about who they let in) is that most of those private companies have an expense ratio of about %17. Private insurers are generally a bit better, usually at about %8.
To put more of a point on this, in the Affordable Care Act it was felt necessary to put a cap on the expense ratio of private insurers at %20 (%15 for large providers). That right there defines the "unreasonably inefficient way" we should be talking about.
I am not arguing that there is no waste in government, that would be silly. But the notion that government spending is generally a waste is not supported by the facts, and is more of a religious statement.
As if the roads just pay for themselves.
Not in a small amount, we talk about more than 1B USD.
https://techcrunch.com/2022/07/20/elon-musk-discloses-that-t...
From a tax perspective, they are spending to acquire assets, which is very convenient.
Otherwise all companies would just buy gold with their profits and never pay taxes.
In fact, when Tesla bought Bitcoin accounting rules for Bitcoin were very unfavorable in that the bitcoin wasn't valued at the price in a given quarter but, and it's hard to believe, only at the lowest ever price. So on paper the company could only loose money by holding Bitcoin.
That idiotic rule was part of Democrat's lawfare against Bitcoin.
This accounting rule was changed recently.
Also, Tesla never bought Dodgecoin. That Techcrunch article is just wrong.
Not in this case: https://electrek.co/2024/12/30/tesla-replaced-laid-off-us-wo...
Pretty sure that wasn't even the only layoff this year.
Edit: I legitimately don't know (and am a bit confused as to the exact thing the article calls income). I just know as often an R&D expense I think my salary is taken out before net income