They have burnt $40B on metaverse fantasy!

Taxes are way too low

You don't think those employees and vendors' employees and/or vendors' shareholders paid taxes on their income, capital gains, and/or dividends?

Found the one guy who still believes in the "trickle-down economics" con.

I think they paid taxes and I think they are too low.

Based on the fact that Meta was able to spend $x money on developing VR?

Seems like pretty arbitrary and baseless reasoning to conclude taxes liabilities were too low.

Just a sign that profits aren’t being sufficiently taxed if $40b are trivially available for a billionaires pet project.

If a business spends $40B to try to develop a new line if business, that is a business expense. If you are claiming that Meta’s R&D for virtual reality was not a legitimate business expense, but purely for Zuckerberg’s personal satisfaction, then good luck proving that.

Or are you arguing for a tax on revenue, instead of profit?

>are trivially available for a billionaires pet project.

What could this even mean? That it is trivial to become a majority owner of a business with enough cash flow to be able to spend $40B on R&D? If so, then you we live in different universes.

Not my opinion on it being a $40b plaything. That came straight from swe from meta who complain about it in these terms here on HN. It just tells me that their tax burden is too low. The fact that zuck is a billionaire means it’s also too low.

Others can only hope their clown show is as successful:

https://www.macrotrends.net/stocks/charts/META/meta-platform...