Google, Heroic Web Balloon Leaps, And The Folly Of The Corporate Tax

“It is not perspective that produces important information, but a breakthrough.” – George Gilder

Recently Google

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parent company Alphabet

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Loon wants to slow down his project. The Wall Street Journal Matt Grossman and Sarah Needleman described the latter as an effort to bring internet connectivity to “billions of people in communities where traditional ground-based infrastructure is too expensive or too difficult to set up”.

The problem was the cost. The link came with balloons that were launched into the sky but “at the mercy of the high-altitude wind”. Billions of projects were lost in 2020 alone, so it was closed as stated.

Here’s how we should see Google and its brave mechanics: heroic. Their willingness to try new things will rejuvenate us all.

According to the quote from George Gilder who started this track, Google took a very expensive step. While the economy doesn’t work, there is now a bit more information for other “Other Betting” (Google’s “collection of independent projects”) projects that can be exploited as we fervently work to bring the future into the present.

Indeed, while critics of Google and other “Big Technology” firms base their “less” and “strong” criticisms on the assumption that technology has reached its furthest limit (“if Amazon

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Will not host Parler, how will the voice of conservatives? “), Those who are actually” Big Tech “do not see things in a similar light. Google and others who dominate today admit that market power is the most transient of concepts. When translated, there is no such thing as a technological limit. The possibilities for advancement are endless. Google understands this closely, which explains the “Other Bets” concept. The second is the recognition that (for example) large market share in search will not be the source of Google’s continued success. True sovereignty arising from dating and invention The needs of users and customers will arise from brutal interventions that once again carry an unimaginable technological future into the present.

The important thing is that this unimaginable tomorrow will not be cheap. Thankfully for powerful companies like Google, because of their power, this is the result of users and customers doing it right, they are constantly trying to figure out what’s next. Google is currently making huge billions of dollars in leaps forward in pursuit of the opaque. Most fail tremendously, some fail gradually, but in any case important information is generated that provides a more informed approach to future bets. And then a small number will be wildly successful, as they transform the way we do things, or if few of them previously thought of creating truly new ways of doing things. In short, focusing on today’s technology and the dominance of some big names today is a very limited perspective on events.

Besides these lines, founder Jeff Bezos is said to have little to do with Amazon. now one of the most valuable companies in the world. Bezos recruited highly talented people to focus on Amazon’s present so that he could look into the future. Just as Google spends tens of billions of dollars a year on “Other Bets”, so is Bezos. The creator of a completely new way of shopping clearly sees Amazon as much more than an online marketplace. More realistically, Bezos admits that if their passions were static, Amazon would begin to age relatively. So the company continues to look for what’s next.

This is one of the many reasons Bezos is excited about successful “breakthroughs”. They release more billions to fund future breakthroughs. Amazon’s Fire smartphone did not attract consumers, but the Echo product was a remarkable success. Second, most flops will fund all other advances, such as some grand slams (customers can hope!), And will eventually wonder how hundreds of millions of consumers live without it. Knowledge from leaps, failures, failures and successes. This is a matter of progress.

This is all talking about the stupidity of corporate tax. Ahead, corporate tax is a fiction in a sense as long as companies go. Companies are people, not abstract spots. And it belongs to people. Company owners pay the corporate tax. Simple. This means that corporate income tax is nothing more than double tax on individual income. Congress thinks the first time it can’t get enough of us, so it charges a corporate tax to distribute more of our income.

The shame is that although this tax falls on individual owners, it limits the leaps that are crucial to progress. Companies can experiment with what’s left after governments get their share. The more things left, the more space they have to try. If there is too little left, businesses need to be more careful as they have a lot to separate. The less daring leap results in less information and slower progress. Corporate tax not only increases individual income tax, but also reduces the number of tests Loon, Waymo (Google’s driverless car initiative), Fire and Echo of the unknown. Ask yourself a question about it: would you prefer the government or Amazon’s Bezos and Google’s “Other Betting” as the architect of the often-failing breakthroughs? Some will protest, but the question easily answers itself.

Progress is a happy equivalent of deprivation, paired with visionary minds in the pursuit of the unknown that is not spent and taxed (which will only be spent by others). These are once again heroic individuals. Google’s Loon may not have been successful, but there are staggering billions of dollars in business every year, life-improving and life-saving developments. How sad that some of the resources that could be allocated in a terrifying, transformative fashion are constantly being consumed by politicians.