neutronicus
Joined 16 years ago
Joined 16 years ago
Wait, what?
This line is certainly eyebrow-raising to the educated layman.
Apparently it means that anthropic is leasing a Google data center whose constituent servers draw 1.5 GW of power running representative workloads.
Feel free to run for office on a "periodic culling" platform, though
They seem like near-identical businesses to me.
However, if they're at parity then the incentive is to just squeeze your assets for as much income as possible until you run their value into the ground. Which seems like a pressure for business owners / shareholders to be even more short-sighted than they already are.
Which is also my objection to a wealth tax actually (incentive to tank paper value of all holdings).
IDK. Taxation is sort of a blunt instrument and seems woefully inefficient compared to nationalizing assets on a case-by-case basis.
I struggle with the same initial impression as you, and have reached an uneasy peace with the status quo by telling myself that the stock price is about the amount of dividends the company could issue in a dividend-friendlier tax environment, once its growth plateaus and it goes into cash-cow mode.
Sci-hub doesn't work anymore but I can at least ask GPT what a paper says