An average family doesn’t need billions in write-offs, because they don’t have billions in income. I mean, duh!
Warren Buffett would agree with you. He likes paying taxes. But, again, the problem we have in this country is no matter how much tax revenue the government collects, it’s never enough to fund everything on Bernie’s and The Squad’s shopping lists: Medicare for all; free college; free or subsidized housing for the poor; the Green New Deal to save the planet from climate change. We don’t have a tax problem. We have a spending problem.
Worse than what? Would you rather go back to Yahoo! for search, Myspace for social media, and Yellow Cab to pick you up at the airport? And what’s it to you if Meta wants to blow tens of billions of dollars perfecting virtual reality goggles?
All of these technologies will continue to evolve and improve, because they are market driven. No one really
needs Google or Facebook or Uber. There are alternatives. IBM thought it had a monopoly on computers. The government sued it on antitrust grounds and maintained a consent decree against it for forty years. Then other people came along and built a better mousetrap. Now it’s happening again. The iPhone 15 is looking pretty chumpy compared to Samsung’s Galaxy S24. And I hate Android phones.