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Posts by foregoneconclusion

Just an example: Apple received $370 million in tax breaks from North Carolina for creating 50 jobs. Does that seem like a big win for North Carolina taxpayers? Or more like a meaningless giveaway?
Marc Newson, who has been working with Apple recently, did a concept car design for Ford in 1999...the 021C.
The cash is already in the United States sitting in NYC banks. It's a complete myth that the actual money is "outside" the U.S. 
 Most of it is already in the U.S., which is what a lot of people don't realize when they start talking about "overseas" money. Most of Apple's cash hoard from "overseas" is actually sitting in NYC banks. They can borrow against it at will, and interest rates that are below the rate of inflation mean that the U.S. government is paying Apple to borrow money.
Companies with "overseas" profits can easily leverage them for bond offerings used to partially finance share buybacks. Apple and Microsoft have both used their very large "overseas" profit to get extremely low bond rates…in some cases, rates that are even lower than the expected rate of inflation, which means they're essentially being paid not to repatriate their money.
Anyone interested in how "overseas" profits and taxation ACTUALLY works should read this link...   https://www.americanprogress.org/issues/tax-reform/report/2014/01/09/81681/offshore-corporate-profits-the-only-thing-trapped-is-tax-revenue/   FROM THE ARTICLE: "To qualify as “offshore” for tax purposes, U.S. corporate money must be controlled by a foreign subsidiary, but it does not have to be invested abroad. In fact, for many corporations, these foreign profits...
 What about brainwashed feudalists?
Truth is: 35% isn't really that high or that difficult to plan for as a business, but corporations know that if they sit tight and lobby Congress, they'll eventually get their wish of paying next to nothing. 
 You could say the same thing about being a CEO at most companies. You could put a monkey in front of a series of buttons labelled 'Layoffs', 'Pay Freezes', 'Benefit Cuts', 'Outsourcing', 'Acquisition of Competitor', and 'Raises for Management' and just have him punch one of the buttons each quarter.  
 The hardware being purchased is mainly for test taking, and the tests themselves (and likely the curriculum for them) are created by private for-profit companies. In other words, even though people like to complain about the quality of "public" schools, the current reality is that they're largely controlled by private enterprise.
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