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Joined 1 year ago
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Cake day: June 20th, 2023

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  • You’ve obviously gotten the base level answer, but to add some color here - certain types of food, such as dried pasta, rice, beans, grains, high proof alcohol, vinegars, and basically anything frozen to name a few, never spoil in the sense that they’re unsafe to eat.

    Flavor, however, is an entirely different matter. Just ask anyone who has eaten freezer burnt food.

    Pretty much any high proof alcohol will fall into this category. And, if it’s unopened, it should retain most of its flavor for a very long time. Once opened, however, it can deteriorate relatively quickly, depending on how it was stored.


  • yeah, its hard to predict what will happen to it, especially after gabe steps down or dies, but depending on how much of the company is broadly owned by employees vs individuals, it can help to shield it from bad decisions. Unfortunately, we don’t know the exact numbers. If gabe + mike own 51+% then it could potentially lead to overriding employee will in a bad decision for money (either through their actions or through inheritance like you say). Or the employees could just collectively make a bad decision too.









  • If you invest 80 million and make 80 million in return, it’s a wash, and you wouldn’t pay any taxes because you didnt make any money.

    You would have to invest 80 million in a movie, scrap it, and then 80 million in another movie, which goes on to make 160 million in order to have 80 million in profits to offset with an 80 million write off. This would result in a net $0 made for tax purposes.


  • you can’t just write off anything you want. You only get to write off certain things, but at the end of the day, a tax write off is just a tax deduction for how much you need to pay, in the same way any normal person paying their taxes does. Just like with personal taxes, you can just reduce your tax liability down to 0 if you get enough deductions.

    Corporations obviously work differently than for a normal person, but the same basic principle applies.

    Edit: i suppose i should clarify - You can take deductions for investment losses. Normal people can even do this. What you’re referring to would be a deduction along those lines, where you’re “writing off” a loss on your taxes. If you invest $100 in stock, and sell when the value is $50, you took a $50 loss, and can deduct those loses from your tax burden, because you’re required to pay taxes on 50 less dollars that year.