While it's true that we don't tax investments, we do tax gifts past a dollar value threshold, which is what donations become when nonprofit status drops away.
What I want to see is for government to do its job and stamp a big "DENIED" on OpenAI's request to reorganize.
The response should be "Sorry if you feel like you screwed up your corporate structure, but your money really is locked in this non-profit and you can't just take it out".
Edit: Put a different way: Your point seems to be that there is no civil law damage so nothing can be done. My point is that this isn't a civil law matter, it's a corporate law matter: it's not about damages, it's about the social contract we hold corporations to in exchange for allowing them to exist.
To what end? How thrilled would we be if an adversary nation did this to its golden goose?
> it's about the social contract we hold corporations to in exchange for allowing them to exist
Their job is to create wealth. For the time being, OpenAI is creating wealth to the tune of the GDP of the Phillipines or Norway [1]. If it's puffery, pursue it afterwards. If if not...we gained the annual production of a Nordic petrostate. When it goes public, we'll earn tax revenues equal to the entire economy of a small EU member.
Wealth doesn't make right. But I'm failing to see an incurable harm here that outweighs the upside.
[1] https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nomi...
No. The common good refers to “what is shared and beneficial for all or most members of a given community” [1]. There is no individual claim to benefit.
You can feel misled. Sort of like when a visionary promises something you want and then fails to deliver. But that doesn’t mean you were materially misled, which means you aren’t owed anything.
> they should have been paying taxes on every dollar they brought in
We don’t tax investment in America.
[1] https://en.wikipedia.org/wiki/Common_good