posted in Technology
Documents reveal plans for $6 utility rate hike to help fund Google’s data center project in Memphis
www.actionnews5.com/2026/09/02/docs-reveal-plans-6-utility-rate-hike-help-fund-googles-data-center-project-west-memphis/Replying to @Fuswoo@lemmy.world
Anyone ever consider that Google could, you know… Afford to fund their own damned data center project if they want it so badly?
Replying to @laurelraven@lemmy.blahaj.zone
But why?
I once worked for a startup where the founder and the CEO was a hundred(s) millionaire, and he could have easily funded the startup on his own. And you know what? He’d be constantly pitching to investors, nonstop. And when the other investors lost confidence, he closed the business.
It’s a matter of principle for many of these people. You don’t ever want to risk your own money unless there is no other choice. It doesn’t matter if you can afford it. The question is why? If I can spend your money why would I spend my own? It makes no sense.
These billionaires will spend our money, time, dreams, energy indefinitely, if they can. Only if there is an absolute and absolutely unbypassable barrier that prevents them from even trying would they stop. They won’t ever volunteer to stop.
Replying to @willington@lemmy.dbzer0.com
Which is a laugh when we’re supposed to accept you can’t tax these people because otherwise they won’t invest. They’re only ever using other people’s money anyway.
All you’re doing is slowing down their money hoarding game.
Also that entire premise is built on a lie. Higher taxes increase investment in the business, because it’s either they give it away to the government and get nothing lot of it, or use to it strengthen the business.
When taxes are low, that’s when the rich take the money out of the business to keep for themselves.