this post was submitted on 05 Dec 2025
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I watched it yesterday and only a couple things I have to add.
First is that the bipartisan CHIPS act basically shovelled taxpayer money into Micron's pockets to increase their manufacturing, but they are reducing their consumer output anyway, so Steve's point is consumers are not getting anything out of the subsidy they made.
Second is, since any potential increase in production is to cater to their largest data centre customers only, Steve is suggesting that this could be part of a push to move people to subscription-based cloud computing by making personal computing tha you buy and own unaffordable.
We should all find ways to minimize our taxes. Why should we contribute?