Palantir loves the smell of DOGE budget cuts in the morning

Palantir, the controversial US surveillance and analytics firm, says it welcomes scrutiny of government spending by the Department of Government Efficiency (DOGE), the controversial cost-cutting agency led by Elon Musk. Speaking to investors this week, Shyam Sankar, Palantir chief technology officer, said that DOGE was the " …

[Irongut]

Evil begets evil and Mr Karp is clearly as evil as his boss Thiel.

[ChrisElvidge]

Perhaps the best thing to do then is cancel all government contracts with Palantir - that'll save a whole shedload of money.

Next question. If DOGE are saving so much money, when is the public going to see a reduction in income tax?

[Anonymous Coward]

Re: You must be joking

"when is the public going to see a reduction in income tax?"

You forgot the [/humor] tag.

A tax reduction for the public? Just the idea.

ROFL

[Anonymous Coward]

Re: You must be joking

The tax reduction has been earmarked as 'trickle down' economics. Unless you're a 1%er you'll likely never see a dime.

[JoeCool]

Income Tax cuts are simple. You just have to be willing to stop spending.

So the real question is, where will those spending cutd savings go ?

[Lon24]

Or you could have a booming economy which generates more revenue without cuts. Investment cuts stop booms as both sides of the pond are discovering. Simple solutions rarely work in a connected global economy.

[codejunky]

@Lon24

"Or you could have a booming economy which generates more revenue without cuts. Investment cuts stop booms as both sides of the pond are discovering. Simple solutions rarely work in a connected global economy."

A UK perspective-

Government 'investment' has been so stunning that such countries have increasing debt piles and continuing deficits. It is so successful that interest on debt takes up so much government spending that the government makes cuts to services.

Of course we could desire private investment, except tax rates keep rising and regulations keep tightening which repels investment.

[Roland6]

Re: @Lon24

Trouble is the data collected in support of that infamous neo-liberal paper "Growth in a Time of Debt" By Carmen M. Reinhart and Kenneth S. Rogoff, when the Excel errors had been corrected actually showed that nations with large levels of debt actually grow more than those who focused on reducing the debt.

Interestingly, the original paper's authors whilst accepting there were errors in their Excel spreadsheet, still believed their findings (debt reduces growth) were correct, and have yet to provide any new data that supports their "religious" belief...

The trouble with the UK is that much of the current debt isn't asset based and so isn't going to generate an income. To build a few nuclear power stations, whilst increasing the national debt would create assets that will (well given this is the UK, "might" is probably a more appropriate word) generate revenue for decades.

In researching something else I hit this Tim Worsall piece "Bureaucrats are swallowing growth whole" - it looks like we might be investing in administration and after the event inquiries - not sure how we can convert these into revenue generators....

>except tax rates keep rising and regulations keep tightening which repels investment.

Sothats a good thing, as people will stop investing in Trumpistan and invest elsewhere in the world, Europe (geographic region including UK) isn't a bad place to invest...

[codejunky]

Re: @Lon24

@Roland6

"Trouble is the data collected in support of that infamous neo-liberal paper "Growth in a Time of Debt" By Carmen M. Reinhart and Kenneth S. Rogoff, when the Excel errors had been corrected actually showed that nations with large levels of debt actually grow more than those who focused on reducing the debt."

For those with large debt growing more, I wonder how much of gov spending makes up that economy. Or if increasing debt to reduce tax produced enough growth to cover it.

"In researching something else I hit this Tim Worsall piece "Bureaucrats are swallowing growth whole" - it looks like we might be investing in administration and after the event inquiries - not sure how we can convert these into revenue generators...."

I can very well believe that.

*BTW: Thanks for a good reply. Not seen many of those today and I appreciate it.

[codejunky]

Re: @Lon24

@Roland6

"Sothats a good thing, as people will stop investing in Trumpistan and invest elsewhere in the world, Europe (geographic region including UK) isn't a bad place to invest..."

Spotted your edit after I replied sorry. Hell yeah. If Trump makes trade/investment with the US harder we should take advantage

[MrAptronym]

You can be sure the public* will see a major tax cut in the near future!

*the public that matters, as represented by corporations and the ultrawealthy.

[Omnipresent]

Whenever someone tries to tell me they are saving money I just have one question that shuts them up. Where is it? Where did the money go? Where is it at?

[A. Coatsworth]

C'mon! You gotta do your part: the only way that billionaires like Musk and Zuck can keep paying zero taxes year after year is for you and me to continue to pay our income tax without fail.

They are sooo much better than us minions that they deserve it, don't they?

/s

[Anonymous Coward]

Income tax cuts will come in the next budget, there will be a 90% reduction for those earning over USD100B, 50% for those earning over USD50B and 10% for those earning over USD10B.

[hoola]

It would also be a very good thing if countries outside of the US that are bought into Palantir dumped it....

Yes I am looking at the UK, NHS England and the data grab that is scraping ALL patient data without consent and sending it to the US.

[graeme leggett]

GDPR does allow for some information to be collected without express consent.

And you can do a lot of good with aggregate health information.

So long as it's done properly and carefully.....

[Anonymous Coward]

well technically millionaires and billionaires are part of the public.

Trumpy turd is handing tax cuts to you as long as you have more than $1mill income a year.

That was the point of dogegy

[Anonymous Coward]

Who will get the contracts?

The idea behind Project 2025 is to privatize the federal state. DOGE's task is to gut every federal institution. Their tasks will then be contracted out.

Guess who will get the contracts?

Peter Thiel is a staunch Libertarian who wants to go back to an early 19th century type of minimalistic state that only enforces contracts and ownership claims and invades other countries.

When this Libertarian experiment fails and the USA descents into complete chaos, he can safely retreat to his fortified estate in New Zealand to wait till the flames have burned out and the dust finally settles.

If you want to see how Libertarian rule works out in the real world, read A Libertarian Walks Into a Bear.[1]

[1] More at How a New Hampshire libertarian utopia was foiled by bears

[Lon24]

Re: Who will get the contracts?

"...he can safely retreat to his fortified estate in New Zealand"

Is that a pitch to make NZ the 52nd state?

[Anonymous Coward]

Re: Who will get the contracts?

"Is that a pitch to make NZ the 52nd state?"

You should ask all those billionaires who have their escape bunkers there.

But I assume these bunkers would lose most of their value if NZ became part of the problem.

[Anonymous Coward]

Re: Who will get the contracts?

It'd be a shame if, opening the door of the bunker, they found a Hobbit infestation.

[Blogitus Maximus]

Re: Who will get the contracts?

Sneaky little hobbitses, wicked, tricksy, false!

Pint because Hobbits like nothing more than singing, boozing and dancing.

[DS999]

Re: Who will get the contracts?

When this Libertarian experiment fails and the USA descents into complete chaos, he can safely retreat to his fortified estate in New Zealand

If that happens and he's part of the reason why here's hoping his estate in New Zealand is the furthest thing from "safe" for him.

[JoeCool]

This is so earily similiar

to announcements from chinese companys that are written by the Chief Political Ofiicer.

[Dan 55]

"Europe doesn't get AI yet. At some point in the future, it will"

No, Europe very much gets AI right now, Mr. Karp.

[Anonymous Coward]

Re: "Europe doesn't get AI yet. At some point in the future, it will"

I could only upvote this once. Consider this comment my second one.

Unfortunately, where I’m at in Europe our Chief Manglement Officers have bought into the hype. It doesn’t help that one of them *even now* remains a Musk fanboy, and another reads interviews with ShitNad & Suckerberg who claim that x% of their code is already AI generated. And hence asks why replaing an entire homegrown ERP system should take 5 years. Based on interviews with fuckwits that *sell* AI crap.

Yes, we use some of those tools. Where appropriate.

[Anonymous Coward]

It cracks me up that Musk and Thiel which so much about government spending but are always the first in line to suck on the government handout teat. Hypocritical Charlatans both.

[Anonymous Coward]

Re: Muskiday

Actually, Muskiday got rich largely from government subsidies.

[Brl4n]

Re: Muskiday

SpaceX won contracts.

[Anonymous Coward]

Re: Muskiday

"SpaceX won contracts."

Indeed, and who paid for these contracts?

[Anonymous Coward]

Europe doesn't get AI yet. At some point in the future, it will

Even if we have to force it down their throats, they WILL get AI - *OUR* AI - and they WILL pay for it.

Or our shareholders are going to be very upset.

[Jedit]

"The government has started to resemble a finely marbled wagyu"

"The government has started to resemble a high quality product that is held in great esteem the world around. Clearly this is a problem."

Amazing. What will they think of next? "The government has started to resemble a beautiful woman removing all her clothes and begging you to make mad, passionate love to her all night long. We urgently need DOGE - not to do anything, but one sight of Elon Musk would murder any woman's libido."

[Majack]

Shock horror, company owned by bankroller of project 2025 and JD Vance has same opinion as owner.