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A comment on Berkshire Hathaway posts a 40% jump in operating earnings, cash pile of $157B. Parent comment

Re:Berkshire Hathaway posts a 40% jump in operating earnings... by Obscurity4340 on Tuesday November 07, 2023 @12:07AM (#38173493)
But I feel like you're low-key saying we should never be moving money a single inch cuz the unicorn opportunity fairy might precipitate. Why do we even make them pay taxes, what if they had that tax money for their M&A department? Where does the logic end? Does't the money ever get bedsores from all the luxuriating you're advocating for here?

Edit: also who's saying this wouldn't be applied symmetrically across the market to the extent that it fundamentally moots the issue of any one specific player not being ready and liquid enough to pounce on the opportunity. If everyone rises or falls in turn, the abillity to engage in opportunities wouldn't appear to be fundamentally altered since the aggregate abillity to pay would be conserved in some sense, if only proportionally so)

[ Parent | on HN ]
Re:Berkshire Hathaway posts a 40% jump in operating earnings... by zooq_ai on Tuesday November 07, 2023 @02:53PM (#38181922)
1) The market will self correct. Not everyone has the long term vision or efficient capital allocation like Buffett. If this encourages more Buffetts then it's a great outcome for the society.

2) Corporations absolutely should pay 0% taxes. Why do we tax entities that provide employment, innovate and provide goods and services? It's so backwards. The amount of time, money and resources spent by corporations avoiding taxes can be used for other productive purposes.

All taxes should be captured at an individual level.

Corporations should only be taxed for usage of non-renewable, public goods so that they are incentivized to optimize for that

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Re:Berkshire Hathaway posts a 40% jump in operating earnings... by Obscurity4340 on Wednesday November 08, 2023 @02:02PM (#38195252)
That comment I made about the money getting bedsores, what would you classify that as? Like I get its exaggerating or something but I can't quite put my finger on what its doing? Seems like a humorus melding of literal/figurative or something
[ Parent | on HN ]