Running a deficit can be profitable long term -- or not. It depends on how the funds are allocated. Ask Bezos.
Likewise a tax writeoff can increase tax revenue over the long term -- or not. It depends how the tax savings are applied. Ask the employees who still have their jobs.
Regardless, a media company struggling to breakeven with cartoon coyotes may not be the best starting point for an economics debate.
That's not what I said. For avoidance of doubt, allow me to rephrase the concept in the local language: paying a bunch of artists and engineers to build an app that generates minimal revenue, pulling it from the app store, then writing off the loss, is neither clever nor fraudulent.
Running a deficit can be profitable long term -- or not. It depends on how the funds are allocated. Ask Bezos.
Likewise a tax writeoff can increase tax revenue over the long term -- or not. It depends how the tax savings are applied. Ask the employees who still have their jobs.
Regardless, a media company struggling to breakeven with cartoon coyotes may not be the best starting point for an economics debate.