NYcarbineer
Diamond Member
- Mar 10, 2009
- 117,063
- 13,888
People don't get that Apple's 'generosity' here isn't coming out of their pockets; it's coming out of your pocket.
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Who gives a shit? 2 percent is hundreds of millions of dollars..or more.A company that can get people to pay $1000 for a friggin' phone should be able to do ALL their manufacturing in the US,
at good wages..
You have to wonder how much they actually save?
I know Hershey moved some production to Mexico to save like 2%. I have never bought their products since.
One would hope that the left would learn this lesson in economics from reality, but they won't. You can't fix stupid.
What lesson is that? The republicans just put us trillions in debt so that the richest companies on the planet can get out of paying taxes?
I see you failed the lesson. Not surprising at all. That’s why you say stupid things.
That's no answer. We're already in debt. Something republicans constantly complain about. Now they put us deeper in debt on the assumption that this tax giveaway will somehow get us out of debt and make America great again or whatever.
If they buy back their stock, then they will enrich their stockholders, who will then have more money to spend. The snowflake theory that money just sits in a bank doing nothing only shows how fucking stupid they are.I doubt there will be much of a problem keeping the low rates when all the foriegn money comes flooding in.Idiot, you still do not get it, Apple will pay ZERO tax rate on profits that pay for these EXPENSES.
Apple doesn't build anything or hire anyone because they got a tax cut, they build it because they think it is good for their company.
And when were you the CEO of a major corporation, assclown?
They said specifically said, "Apple on Wednesday made a slew of announcements about its investment in and contribution to the U.S. economy in part because of the new tax law."
So it was a major factor in this decision. I realize it's bad news for a Marxist like you to see the successes of Capitalism in action, but do try to contain your flaming butt hurt.
HA! Way to be a total assclown - since when is being CEO a requirement to understand basic economics?
I'm also not an English teacher but I'm pretty sure "in part" DOES NOT mean "major factor".
They aren't going to put out a presser on this, but Apple's lobbying, like many other corporations spiked big time ahead of the tax reform and sure enough it was money well spent for them.
Game plan now is to be able to ride out the populist outrage and actually keep these low rates along with all the sweetheart deals long term.
What a simpleton you truly are. The foreign money will add to the US Treasury when it’s repatriated but it’s not going to raises or expansion.
Corporations are already awash in cash, and there will be a big dividend for shareholders in the repatriation, but what is going to happen is the corporations are going to buy back their own stock with this cash.
`Apple announces plans to repatriate $350 billion in overseas cash, add 20,000 jobs in America
If they buy back their stock, then they will enrich their stockholders, who will then have more money to spend. The snowflake theory that money just sits in a bank doing nothing only shows how fucking stupid they are.I doubt there will be much of a problem keeping the low rates when all the foriegn money comes flooding in.And when were you the CEO of a major corporation, assclown?
They said specifically said, "Apple on Wednesday made a slew of announcements about its investment in and contribution to the U.S. economy in part because of the new tax law."
So it was a major factor in this decision. I realize it's bad news for a Marxist like you to see the successes of Capitalism in action, but do try to contain your flaming butt hurt.
HA! Way to be a total assclown - since when is being CEO a requirement to understand basic economics?
I'm also not an English teacher but I'm pretty sure "in part" DOES NOT mean "major factor".
They aren't going to put out a presser on this, but Apple's lobbying, like many other corporations spiked big time ahead of the tax reform and sure enough it was money well spent for them.
Game plan now is to be able to ride out the populist outrage and actually keep these low rates along with all the sweetheart deals long term.
What a simpleton you truly are. The foreign money will add to the US Treasury when it’s repatriated but it’s not going to raises or expansion.
Corporations are already awash in cash, and there will be a big dividend for shareholders in the repatriation, but what is going to happen is the corporations are going to buy back their own stock with this cash.
If they buy back their stock, those stockholders that sold therm that stock no longer get dividends you stupid shit. That is less money being paid lout.
`
`Apple announces plans to repatriate $350 billion in overseas cash, add 20,000 jobs in America
I'll believe it,when I see it. This is good, slick PR work by Apple. As Americans have very short attention spans, they'll forget all about this in a few months. The corps are free then to renege
The right wing should cut the drug war instead of financing the tax cuts.
Ask them; the rich got richer.The right wing should cut the drug war instead of financing the tax cuts.
Why wouldn't they be able to do both?
Ask them; the rich got richer.The right wing should cut the drug war instead of financing the tax cuts.
Why wouldn't they be able to do both?
did you know; nobody takes the right wing seriously about economics.Ask them; the rich got richer.The right wing should cut the drug war instead of financing the tax cuts.
Why wouldn't they be able to do both?
I need to "ask them" I know why the Republicrats don't want to "cut the drug war" and it doesn't have anything to do with making a choice between that and "financing the tax cuts".
HINT: the two aren't mutually exclusive, in fact , doing the first makes it easier to do the second.
.. and the "rich" getting "richer" has nothing to do with taxes.
Uh-huh, personally when it comes to economics I don't take either the rank and file right or the rank and file left seriously since most of 'em don't know the first thing about the subject ....did you know; nobody takes the right wing seriously about economics.Ask them; the rich got richer.The right wing should cut the drug war instead of financing the tax cuts.
Why wouldn't they be able to do both?
I need to "ask them" I know why the Republicrats don't want to "cut the drug war" and it doesn't have anything to do with making a choice between that and "financing the tax cuts".
HINT: the two aren't mutually exclusive, in fact , doing the first makes it easier to do the second.
.. and the "rich" getting "richer" has nothing to do with taxes.
if cutting taxes worked; we would have massive surpluses not massive debt.
`Yes Americans have very short attention spans but global equities markets and the media don't , if this is simply a "PR stunt" by Apple then it's arguably the stupidest one in the history of Corporate American since management and the board will get tarred, feathered and then hung from the yard arms is they "renege" without some major external event driving it not mention the backlash they'll get from consumers and U.S. regulators.
`Yes Americans have very short attention spans but global equities markets and the media don't , if this is simply a "PR stunt" by Apple then it's arguably the stupidest one in the history of Corporate American since management and the board will get tarred, feathered and then hung from the yard arms is they "renege" without some major external event driving it not mention the backlash they'll get from consumers and U.S. regulators.
`
While our opinions differ greatly when it comes to nefarious behavior from corporations, it still comes down to seeing just how many of these so-called 20,000 new hires, actually pans out. That will not happen for the next three to four months for them to get started. Aside from that, hiring so many employees indicates this was planned at least a year ago, well before this "tax break."
A company that can get people to pay $1000 for a friggin' phone should be able to do ALL their manufacturing in the US,
at good wages..
A company that can get people to pay $1000 for a friggin' phone should be able to do ALL their manufacturing in the US,
at good wages..
Agreed and I've made this argument for a few years now with my Democratic friends who scream about a $15 minimum wage like a bunch of hypocrites while they live on their iPhones and iPads and Macs made by $1.00 an hour laborers in China.
`Umm yeah.. Apple has already said the 20K new hires were planned prior to the passage of the 2017 Tax Reform Package, so no, the tax code isn't playing any significant role with the expansion of Apple's domestic work force (in this particular case).According to Apple the tax code changes are one of the primary drivers for the repatriation of $245 billion from overseas accounts, which makes sense since it would have been insane for 'em to do it prior to the new one time tax treatment of repatriated assets.All the specifics of what Apple plans to do with those repatriated assets remains to be seen but they've committed to at least $30 billion in additional domestic capital investment.