Forgot your password?
typodupeerror

Comment Re:If the asset tax passes, he'll owe 1.5B (Score 1) 173

Selling shares could mean the different between control and loss of control of the company. As in, you have loyal people on the board who understand your vision, and suddenly depending on perent ownership you and your friends will be minority stakeholders and you can get kicked out of your own company. Remember, it happened to Steve Jobs famously. But it's actually fairly common the founders get kicked out of their own company when they no longer have controlling amounts of shares. You'd be handing control of the company to people who bought shares solely because they want to make money. Don't care about the vision, don't care about the industry. Which is OK, but also they won't know how to run things. Next thing you know the company gets run into the ground.

Also, what about private companies .. are they going to be tax exempt .. you're going to value them based on how many people want to buy shares? What would those shares be worth when they're stolen from the owners? This is like Zimbabwe seizing white owned farms and handing it to people clueless about farming.

Comment Re:If the asset tax passes, he'll owe 1.5B (Score 1) 173

The asset tax is dumb. how is he supposed to pay that tax without diluting his ownership stake? When he announces he's selling shares, the value of OpenAI will drop just by that. So does he pay tax on the new or old valuation? I don't see how anyone would just go along with that. He'll be fucking pissed. I mean, if you had $30 billion and someone pisses you off beyond anything by taking what you put your heart and soul into you'd do every legal means to makes sure whoever done that to you pays. He'll hire a posse of lawyers to ensure he gets back at them.

Slashdot Top Deals

"Your attitude determines your attitude." -- Zig Ziglar, self-improvement doofus

Working...