Discussion (2 Comments)Read Original on HackerNews

hn_submit•about 2 hours ago

But these large tech companies are also the reason America still exists.

Without their multi-trillion dollar valuations the U.S. national debt would become unsustainable pretty quickly. Investors look at the potential profitability of a nation to decide whether its debt can be financed.

So be careful what you wish for!

rileymat2•about 1 hour ago

I am not sure that the capital would not be allocated differently.

Whether or not we have a google, we will have advertising, perhaps at more competitive rates with more competition. Monopolistic Megatech v. No Tech is a false choice.

On a straight revenue side, corporate tax, in total, accounts for about 10%. Granted there is additional income paid through salaries because of these giants, but the I doubt with reallocation it is profound as you are claiming.

Americans say large tech companies have too much power

⚡ Community Insights

Discussion (2 Comments)Read Original on HackerNews