Verizon adores simply setting vast swaths of money on fire to please Wall Street’s myopic lust for “growth for growth’s sake” projects
This is the core problem for basically all publicly-traded companies, and as I understand it it’s rooted in tax law. Capital gains are not taxed as much as income is, so shareholders prefer companies that increase their share value (capital gains) over companies that pay dividends (income). So when a company earns a profit they are incentivized to try using it to grow the company further rather than simply declaring victory and giving it to the shareholders.
There are good reasons why capital gains aren’t taxed heavily, though, so I’m not sure what the fundamental solution to all this is.
My proposal would be to have more tiers of capital gains that would incentivize long term investments. And raise the rate on short term gains. That would also reduce some insider trading if the pay off was lower short term. But I’m just an armchair economist so there’s probably some terrible consequence to this plan I can’t see.
Wow that’s crazy since folks were talking about Blue jeans as a Zoom alternative recently.
https://jitsi.org is probably one of a few open source projects that isbetter in a every single way than all commercial alternatives. No stupid call limits, better quality, setting up calls is as easy as sending a link and more.
