• 14 Posts
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Joined 3 years ago
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Cake day: June 15th, 2023

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  • The common rationale for giving out tax breaks to businesses is that they provide jobs in the community. Whenever I read about some business getting a tax benefit where I live, it is usually put into the context of how many jobs they will be generating. The tax breaks are given to spur growth in the local community.

    The thing is, a data center doesn’t really generate many jobs locally. Yes, there is construction work, but that’s not guaranteed to be done by local firms and is temporary anyway. Then, once a data center opens, there really isn’t that much staff needed to operate it. The whole point is you set up your stuff and it runs there without human intervention, 24/7/365.24 . There may be enough technicians to manage equipment installs, and other technicians that mind the power and cooling systems, but it’s a fraction of what other business with the same footprint would need.

    So if your goal by handing out tax breaks is to create jobs, then data centers are not a good place to spend that money.







  • No, you won’t have to pay taxes on that cash when importing it. But you can bet that CBP will ask nosy questions about where you got it. And unless you can satisfy them that you got it by legitimate means, they will assume you got it by illegal means and confiscate it. It’s called “civil asset forfeiture”. Look it up.

    However, as a US citizen you still technically owe income taxes on all your worldwide income. But you would settle that with the IRS regardless of whether or not the money ever makes it back to the US.

    Now, this situation is one of the few legitimate use cases for crypto. Find someone locally who will sell you a few hundred BTC with that cash, and now CBP has nothing to find at the airport. Then cash it out once you are in the States. The IRS would still be interested in where you got the money, because they monitor all the ways to get cash out of the Crypto ecosystem into the US. But, as long as you have documentation of your lottery win (and crypto transfers) and file it all it shouldn’t be an issue. I would prefer to take my chances as a documemted rich person by the IRS than as a rando who shows up at Newark with a briefcase of foreign currency.



  • The toilet handled solid and liquid waste differently. Solid waste was stored for disposal on earth, liquid waste was stored in a smaller container and intended to be periodically vented out into the void. But the mechanism for that froze, and the container they had to store it in was too small for the whole trip, so they had to use a backup supply of pee bags for pee instead of the toilet.

    I wonder if we were saved from an even worse fate, and if the toilet had worked as planned we would be destroyed at some point in the future by a race of aliens who we accidentally peed on when we threw our pee overboard in space