• coffee_with_cream@sh.itjust.works
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    3 months ago

    Thanks for the reply! Would this work for tech companies? Biggest part of our Sp500. They’re mostly “in the cloud” right? So it’s pretty easy to move. And physical resources they leave behind would just be some data centers or whatever

    Would love to see the video you mentioned if you can find it

    • FrowingFostek@lemmy.world
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      3 months ago

      I imagine it would work much the same way taxing any service industry would.

      I wont pretend to understand how the sp500 calculates its value. I personally think the stock market is all smoke, mirrors & vibes. Tech still needs patents and copyrights, a likely vector of attack for a willing government I imagine.

      Unfortunately, I have a vague memory of the video maybe its this one?