They classify a lot of it as R&D and write it off taxes. Taxpayers foot the bill.

> They classify a lot of it as R&D and write it off taxes. Taxpayers foot the bill.

Taxpayers do not "foot the bill" for corporations reducing their tax obligations via "write-offs".

See: https://accountinginsights.org/what-does-write-it-off-mean-f...

"That's not a write off!" https://www.youtube.com/watch?v=aCP27_vquxQ

Obligatory -- "You don't even know what a write-off is. Do you?"

https://youtu.be/XEL65gywwHQ

Something I like about that scene is Seinfeld (the actor) clearly struggles not to smile at Kramer's delivery of the punch line despite that he (the character) was supposed to be irate with Kramer.

Heh. Well, Kramer himself...was often less amused...

Thread/video: https://old.reddit.com/r/television/comments/7lvvg5/michael_...

Probably that's why it feels like half the actual episode takes were like that, because they couldn't keep from breaking!

If you're taking about the R&D provisions in the OBBBA, that only changes the schedule of the deduction (immediately vs over several years). R&D, like most business expenses were was always deductible. Whether it's prudent or not isn't a factor.

Maybe it's a 5D chess move to generate investor pressure on them to not spend that much.

Nah, more like a 1D chess move. Investors will pay them to invest in AI, so invest in AI, make the stock go up, sell, and leave the dumb investors holding the bag.

2D chess if they're smart: start a new company that competes with the one they just sold to dumb investors. Jack Dorsey is particularly fond of this move.

Should have just hired a korean cook instead of spending billions of dollars to hire some AI dude to come up with an app to narrate a korean recipe.

Wow. That money would repay all public debt of my country (Czechia). Or rebuild a third of Ukraine.