MasterYoda900
Joined 2 years ago
Joined 2 years ago
Are you arguing for the dismantling of Social Security? Medicare?
Are you arguing for Congress letting go of US territories to become their own sovereign countries? What if they want to remain part of the U.S.?
These discussions about the tax burden of seniors are about two things in the end: health care and assisted living.
Assisted living means: workers to cook meals for seniors, to help them dress, to remind them to take their pills, etc. In our advanced industrialized societies, we offload that burden to young workers in their prime. In more traditional societies like Japan, senior communities don’t need young workers because they rely on one another. Let seniors cook for one another, help one another get dressed, etc. And let young workers go start businesses or work on cancer cures or build software and help society get richer as a whole.
https://www.wionews.com/entertainment/lifestyle/news-_-secre...
There’s still the health care aspect to deal with (seniors can’t do heart surgery on one another), but we could decrease the tax burden of over 65s by switching to a Japanese model.
> Changes to R&D amortization were a rude surprise to them, as they'd never had to amortize software development before, and didn't think of the work they do as R&D.
Precisely. They didn’t think of their work as R&D because it was not R&D. Frankly, they should have seen this coming.
> These are small businesses we're talking about. Almost all of them make under $10M in annual revenue, and the vast majority are under $2M in revenue.
What about the millions of other small businesses that don’t get special tax treatment? Restaurants, bars, plumbing companies, landscaping companies, accounting firms, etc.? Software engineers are not scientists. At the end of the day, a company is supposed to be able to stand on its own two feet, not rely on government handouts. Allowing otherwise unprofitable businesses to stay in business disincentivizes innovation and efficiency, which harms productivity growth and makes us all poorer in the long run.