Michael Burry, who shorted the housing market in 2008, has bet over $1 billion that the shares of AI companies Nvidia and Palantir will fall.
  • cley_faye@lemmy.worldEnglish
    10·
    19 hours ago

    You must be annoyed A LOT these days. It seems that spending a lot of money on nothing is the latest trend for these people.

    • dan1101@lemmy.worldEnglish
      11·
      18 hours ago

      But spending it on their own terms. They would spend $100,000 on lawyers and lobbying to avoid paying $20,000 of new taxes.

      • thatonecoder@lemmy.caEnglish
        3·
        9 hours ago

        Because it sets a precedent. If the $20k taxes go through, why not some $120k ones in the future? At the very least, this is their logic.