Comment by gruez

Comment by gruez 21 hours ago

3 replies

>Borrowing state money that ultimately indentures a country with over-engineered massive boondoggle projects.

The datacenters of Meta, Google, Amazon, etc. are primarily funded by the government?

Joel_Mckay 21 hours ago

Do they get tax breaks, subsidy, loan deals, and naive non-voting investor money?

My point was these folks never gamble with their own cash from revenue. It is always the tax payer that ends up holding the gamblers debts. =3

https://www.usdebtclock.org/

  • gruez 16 hours ago

    >Do they get tax breaks

    The government also has "tax breaks" for certain foods and my 401k. Does that make my evening meal and retirement plan "state money funded" as well?

    > loan deals, and naive non-voting investor money?

    Well?

    • Joel_Mckay 16 hours ago

      Indeed, every US child is now born -$108,000 in national debt due to the behavior of their parents.

      The classic boondoggle state funded "big" projects have bankrupted many economies. Inflation corrected, people can expect $0.84 back for every dollar they now put into retirement plans. =3