Mark Andreesen (Venture Capitalist, co-founder of a16z) was on Rogan and they played this clip; Andreesen’s response was he agreed with both sides on the tax point.
I therefore went down a rabbit hole to try and understand what exactly are these companies saving as they race to build out AI. To be technically accurate, Meta’s Louisiana project is estimated to cost closer to $50 billion (grossed up to $100 billion to get an idea of the tax savings for the whole company this year as 2026 estimated CapEx is $125 -$145 billion; obviously not all their projects are in LA.)
And they still are paying SOME taxes, enough so the local community got a tax windfall during the construction phase allowing teachers to get a $50k year end bonus.
However, there is still no denying that tax payers are subsidizing a LOT right now, both at the federal and local level.
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
1 view