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A comment on America COMPETES Act of 2022 passed House and Senate. Parent comment

Re:America COMPETES Act of 2022 passed House and Senate by jeffbee on Tuesday March 29, 2022 @09:00PM (#30850347)
Imagine using government money to fund Intel, AMD, Micron, Apple, etc with combined capitalization over 4 trillion dollars. Instead they should be levying massive windfall taxes on these companies' overseas cash hoards, and using those revenues to fund onshore semiconductor startups.
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Re:America COMPETES Act of 2022 passed House and Senate by duped on Tuesday March 29, 2022 @11:50PM (#30851319)
The US government has been funding semiconductor manufacturing since Fairchild, which spawned two of the companies you listed.

Overseas cash reserves are a separate issue that can be fixed by removing the corporate tax. It should be 0%, we would all be better off if that were the case.

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Re:America COMPETES Act of 2022 passed House and Senate by someguydave on Thursday March 31, 2022 @10:12AM (#30867417)
Yes, corporate income tax is deadweight loss.
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Re:America COMPETES Act of 2022 passed House and Senate by bradlys on Tuesday March 29, 2022 @09:19PM (#30850482)
Aren’t fabs and all that like multi-billion dollar projects? How does one realistically become a startup in that space when the capital to start is so intensive? (At least these days - idk about back in the past)
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Re:America COMPETES Act of 2022 passed House and Senate by jeffbee on Tuesday March 29, 2022 @09:32PM (#30850544)
You are under-estimating how much cash these American companies are holding.
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Re:America COMPETES Act of 2022 passed House and Senate by bradlys on Tuesday March 29, 2022 @09:37PM (#30850578)
I’m not but this is basically wealth redistribution taken quite far. You may as well be advocating for full on Marxism at that level.

Which is fine. But just know your audience? (A hyper capitalistic startup crowd???)

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Re:America COMPETES Act of 2022 passed House and Senate by polski-g on Tuesday March 29, 2022 @09:21PM (#30850490)
Tax Intel to fund semiconductor startups.
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