Taking risks with large amounts of money at what makes our economy work.
NOL (net operating loss) is a key function of large businesses. It serves to match the match the revenues and the expenditures that take place over a number of years . And yes the risks and rewards also.
What is more, igornant people who do not deal with big expense and maybe some profit don’t know that all tax from profit is due in the year it is made but losses can only be taken against tax on profit. In other words, Uncle Sugar gets his money first the instant you make a profit but you get no refunds on losses unless you first make a profit and recovering your loss back can take years, maybe decades. Just the way it is.
This is no big deal to the educated but to the little people, the sheeple, it is an outrage.