450 karma · joined August 28, 2020
Beyond that, publicly traded company directors may have (depending on the state) various duties to shareholders to consider profit, but it is generally not considered to be so extreme as to profit above all else.
IRS regulations distinguish between a trade or business and a hobby by looking at the intent to make a profit (as well as the effort). see https://uslawexplained.com/trade_or_business
But it is generally possible to form a legal business under state laws with no intent to profit, the IRS may just treat it as a hobby for tax purposes. (You can't deduct expenses incurred pursuing a hobby, but you can deduct expenses incurred carrying on a trade or business).
Maybe not quite exactly what you envision.
edit: Well, I should note the Utah vote was only for "medical" MJ.
While I think the model of having the government own the Fiber lines and selling access to providers has a lot of potential, it would be very expensive to build this out to even 60% of the US.
(Seehttps://www.amazon.com/firetv for Amazon brand TVs)
I never said anything about it being Googles responsability, I agree it is not. And the only legislation that might be necessary over what we have is a budget directly to go after criminal fraudsters.
As an example, a photo taken from a digital camera can be subject to copyright because of the creative element involved in composing and taking the photo. Likewise, source code generated by an LLM under the guidance of a human author is likely to be subject to the human authors copyright.
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The way to make a consumption tax progresive is with a prebate, or if you want to be more complicated, a rebate. With a prebate, every citizen or resident would recieve a check each period for the amount of the consumption tax up to the spending level you set as the curve for regresiveess, such as the federal poverty line.
It would be difficult for Missouri to implement a prebate on its own due to the proximity of the population to other states! (Residents could take the prebate, then travel across state lines to spend it, resulting in a huge loss to the state).
Income taxes are complicated to collect, subject to massive violations of privacy, and generally provide more perverse incentives than consumption taxes.