This is essentially how live TV on the TiVo Stream works, with the main difference being that the recording is started automatically for you when you select a show from the guide on the mobile app.
The difference is that unlike those muni bonds, which pay you a stream of tax-free income, Microsoft pays you in three ways: taxable dividends, reinvested profits and share buybacks.
While the write-off would make no difference to a tax-exempt investor, a taxable investor in the 30% tax bracket would get an after-tax income stream comparable to another REIT yielding 7.14%, a substantial difference.