Yann, the interst rate has increased massively since then. That’s why interest payment is such a huge chunk of federal expenditure now. You can’t use 2021 data!!
My biggest surprise was Ilya trying to negotiate for profit terms. This was a new side I hadn’t seen before. Oh and I like the ilya and greg statement to sam: we don’t know your cost functions lol
If you start as a non–profit, there should be no way to become a for profit. It just opens the door to all sorts of scams. What‘s the limit otherwise? You could raise money for charitable causes and just divert it for private profit on a whim.
Have to give it Trump and his team. They are positioning very well against an opponent that wants to raise taxes. Reducing spending and reducing the rax burden is much more appealing to the majority of people!