News for hackers. Stuff that matters.

A comment on OpenAI's cash burn will be one of the big bubble questions of 2026. Parent comment

Re:OpenAI's cash burn will be one of the big bubble question... by lotsofpulp on Wednesday December 31, 2025 @03:33AM (#46442431)
This comment makes even less sense than jotras’ comment.

Pension funds buy shares in businesses such as Microsoft. The money going into the pension fund is not typically a function of the tax paid by companies such as Microsoft, but rather from a combination of actuaries’ recommendations, payroll tax receipts, and politicians’ priorities.

Therefore a pension funds’ equity holdings, such as Microsoft, doing well means taxes can be lower.

[ Parent | on HN ]
Re:OpenAI's cash burn will be one of the big bubble question... by jdiez17 on Wednesday December 31, 2025 @07:28AM (#46443560)
If only my country (Germany)’s pension fund was capital/stock based.
[ Parent | on HN ]
Re:OpenAI's cash burn will be one of the big bubble question... by lotsofpulp on Wednesday December 31, 2025 @08:13AM (#46443805)
Most countries' broadest defined benefit pension funds funded via payroll tax withholdings are just simple wealth redistribution schemes from workers to non workers as opposed to funds that are invested.

Even in the USA, Social Security defined benefit pensions are cash from workers today going to non workers today, same as Germany's national scheme (gesetzliche Rentenversicherung?).

[ Parent | on HN ]