As an unintended consequence, Trump found a way of taxing one of the big tax avoiders. I guess the stock value should take a hit, but probably good for the US taxpayers.
It is the legal responsibility of an American Corporation to increase profitability. Apple has broken no US law by avoiding taxes when permitted.
What Trump is trying to fix is a good thing. He understands that making sacrifices, sometimes significant sacrifices, to accomplish good things is the most effective path. But we as a culture are too selfish to tolerate it.
Look at Jobs. He was a perfect example of sacrifice and hacking things off aggressively in order to push forward. And he was ridiculed for it, because we as a society hate change and loss.
Just sit tight. Trump is an effective businessman whether you like him or not. He may sometimes fail, but chances are he won’t. And if he doesn’t, then we’ll be in a better position as a country. Despite what the media and left likes to deceive the nation about Trump, he’s accomplished some extremely good things that other presidents have been too weak to do.
Trump doesn't believe that a tariff is a tax on us. He hires the only economists in the world who agree with him that balance of payments with China is an issue, and who think that making China's economy weaker will improve this. There is a real issue related to IP, but this isn't going to do anything about that. Trump has thrown out the whole world structure of sensible low tariffs to act on his own uninformed whims. This is an f-ing disaster!
I agree that Trump is not weak. But the only thing he's been effective at is fooling people and destroying things.
What Trump is trying to fix is a good thing. He understands that making sacrifices, sometimes significant sacrifices, to accomplish good things is the most effective path. But we as a culture are too selfish to tolerate it.
Look at Jobs. He was a perfect example of sacrifice and hacking things off aggressively in order to push forward. And he was ridiculed for it, because we as a society hate change and loss.
Just sit tight. Trump is an effective businessman whether you like him or not. He may sometimes fail, but chances are he won’t. And if he doesn’t, then we’ll be in a better position as a country. Despite what the media and left likes to deceive the nation about Trump, he’s accomplished some extremely good things that other presidents have been too weak to do.
Trump doesn't believe that a tariff is a tax on us. He hires the only economists in the world who agree with him that balance of payments with China is an issue, and who think that making China's economy weaker will improve this. There is a real issue related to IP, but this isn't going to do anything about that. Trump has thrown out the whole world structure of sensible low tariffs to act on his own uninformed whims. This is an f-ing disaster!
I agree that Trump is not weak. But the only thing he's been effective at is fooling people and destroying things.
Trump plowed into office and ditched a Pacific Rim trade deal that would have created incredible leverage over China by making them “odd man out.” Instead, he thinks he can put the squeeze on them by unilaterally imposing a massive tax on the American people. He’s either too dumb or too dishonest to acknowledge that the other country doesn’t pay the tariffs. Trump was an “effective businessman” only insofar as he was able to make a lot of other people pay through the nose for his dishonesty and incompetence.
What Trump is trying to fix is a good thing. He understands that making sacrifices, sometimes significant sacrifices, to accomplish good things is the most effective path. But we as a culture are too selfish to tolerate it.
Look at Jobs. He was a perfect example of sacrifice and hacking things off aggressively in order to push forward. And he was ridiculed for it, because we as a society hate change and loss.
Just sit tight. Trump is an effective businessman whether you like him or not. He may sometimes fail, but chances are he won’t. And if he doesn’t, then we’ll be in a better position as a country. Despite what the media and left likes to deceive the nation about Trump, he’s accomplished some extremely good things that other presidents have been too weak to do.
Trump doesn't believe that a tariff is a tax on us. He hires the only economists in the world who agree with him that balance of payments with China is an issue, and who think that making China's economy weaker will improve this. There is a real issue related to IP, but this isn't going to do anything about that. Trump has thrown out the whole world structure of sensible low tariffs to act on his own uninformed whims. This is an f-ing disaster!
I agree that Trump is not weak. But the only thing he's been effective at is fooling people and destroying things.
Trump plowed into office and ditched a Pacific Rim trade deal that would have created incredible leverage over China by making them “odd man out.” Instead, he thinks he can put the squeeze on them by unilaterally imposing a massive tax on the American people. He’s either too dumb or too dishonest to acknowledge that the other country doesn’t pay the tariffs. Trump was an “effective businessman” only insofar as he was able to make a lot of other people pay through the nose for his dishonesty and incompetence.
True that.
But what most are missing right now is that Trump is now making the U.S. the "odd man out".
Few in the world agree with his claims or trust him. Meanwhile China has already started going about the job of quietly building alliances -- without the the U.S. being part of them. And, so far, the world seems to be fine with that.
There are lots of places where one can build product, and if there is a tax on product from China, one can move production to other source countries, including India where Apple is already producing, that will not attract such tax. And if companies do make such changes, then the effect of the impost is doubly effective.
What Trump is trying to fix is a good thing. He understands that making sacrifices, sometimes significant sacrifices, to accomplish good things is the most effective path. But we as a culture are too selfish to tolerate it.
Look at Jobs. He was a perfect example of sacrifice and hacking things off aggressively in order to push forward. And he was ridiculed for it, because we as a society hate change and loss.
Just sit tight. Trump is an effective businessman whether you like him or not. He may sometimes fail, but chances are he won’t. And if he doesn’t, then we’ll be in a better position as a country. Despite what the media and left likes to deceive the nation about Trump, he’s accomplished some extremely good things that other presidents have been too weak to do.
His way of fix is simply stupid. His business strategy is making money by declaring bankruptcy. Making money out of suffering from other people.
Tim Cook and/or the Apple board have been wearing blinders if they have failed to acknowledge political and business reality in this case. They should’ve been making plans to respond to tariffs on day one of the new administration. Did they think this President was kidding about following through on his campaign promises? Apple’s team has been negligent.
Oh, so you serve on the board? You know for a fact that they haven’t been discussing and working on this possibility?
What Trump is trying to fix is a good thing. He understands that making sacrifices, sometimes significant sacrifices, to accomplish good things is the most effective path. But we as a culture are too selfish to tolerate it.
Look at Jobs. He was a perfect example of sacrifice and hacking things off aggressively in order to push forward. And he was ridiculed for it, because we as a society hate change and loss.
Just sit tight. Trump is an effective businessman whether you like him or not. He may sometimes fail, but chances are he won’t. And if he doesn’t, then we’ll be in a better position as a country. Despite what the media and left likes to deceive the nation about Trump, he’s accomplished some extremely good things that other presidents have been too weak to do.
Trump doesn't believe that a tariff is a tax on us. He hires the only economists in the world who agree with him that balance of payments with China is an issue, and who think that making China's economy weaker will improve this. There is a real issue related to IP, but this isn't going to do anything about that. Trump has thrown out the whole world structure of sensible low tariffs to act on his own uninformed whims. This is an f-ing disaster!
I agree that Trump is not weak. But the only thing he's been effective at is fooling people and destroying things.
No, a tariff is a negotiating tool. Pres. Trump previously said, on the record, he’d rather have NO tariffs. Did you miss that?
What Trump is trying to fix is a good thing. He understands that making sacrifices, sometimes significant sacrifices, to accomplish good things is the most effective path. But we as a culture are too selfish to tolerate it.
Look at Jobs. He was a perfect example of sacrifice and hacking things off aggressively in order to push forward. And he was ridiculed for it, because we as a society hate change and loss.
Just sit tight. Trump is an effective businessman whether you like him or not. He may sometimes fail, but chances are he won’t. And if he doesn’t, then we’ll be in a better position as a country. Despite what the media and left likes to deceive the nation about Trump, he’s accomplished some extremely good things that other presidents have been too weak to do.
Trump doesn't believe that a tariff is a tax on us. He hires the only economists in the world who agree with him that balance of payments with China is an issue, and who think that making China's economy weaker will improve this. There is a real issue related to IP, but this isn't going to do anything about that. Trump has thrown out the whole world structure of sensible low tariffs to act on his own uninformed whims. This is an f-ing disaster!
I agree that Trump is not weak. But the only thing he's been effective at is fooling people and destroying things.
No, a tariff is a negotiating tool. Pres. Trump previously said, on the record, he’d rather have NO tariffs. Did you miss that?
Still waiting for the Great Negotiator to negotiate something.
It won’t affect other competitors in the US because they build less stuff in China. Not sure that’s a valid reason in my book.
Apple should diversify more just in case.
It would be a little Ironic if the new Mac Pro ended up looking like the most affordable computer that Apple makes... If Cook didn’t shut down the assembly plant in Texas.
What Trump is trying to fix is a good thing. He understands that making sacrifices, sometimes significant sacrifices, to accomplish good things is the most effective path. But we as a culture are too selfish to tolerate it.
Look at Jobs. He was a perfect example of sacrifice and hacking things off aggressively in order to push forward. And he was ridiculed for it, because we as a society hate change and loss.
Just sit tight. Trump is an effective businessman whether you like him or not. He may sometimes fail, but chances are he won’t. And if he doesn’t, then we’ll be in a better position as a country. Despite what the media and left likes to deceive the nation about Trump, he’s accomplished some extremely good things that other presidents have been too weak to do.
Trump doesn't believe that a tariff is a tax on us. He hires the only economists in the world who agree with him that balance of payments with China is an issue, and who think that making China's economy weaker will improve this. There is a real issue related to IP, but this isn't going to do anything about that. Trump has thrown out the whole world structure of sensible low tariffs to act on his own uninformed whims. This is an f-ing disaster!
I agree that Trump is not weak. But the only thing he's been effective at is fooling people and destroying things.
Trump plowed into office and ditched a Pacific Rim trade deal that would have created incredible leverage over China by making them “odd man out.” Instead, he thinks he can put the squeeze on them by unilaterally imposing a massive tax on the American people. He’s either too dumb or too dishonest to acknowledge that the other country doesn’t pay the tariffs. Trump was an “effective businessman” only insofar as he was able to make a lot of other people pay through the nose for his dishonesty and incompetence.
The tax is paid only by those who buy Apple Products. It’s hardly a massive tax on the American people until Apple moves production to a new country or China agrees to a new Trade deal.
What Trump is trying to fix is a good thing. He understands that making sacrifices, sometimes significant sacrifices, to accomplish good things is the most effective path. But we as a culture are too selfish to tolerate it.
Look at Jobs. He was a perfect example of sacrifice and hacking things off aggressively in order to push forward. And he was ridiculed for it, because we as a society hate change and loss.
Just sit tight. Trump is an effective businessman whether you like him or not. He may sometimes fail, but chances are he won’t. And if he doesn’t, then we’ll be in a better position as a country. Despite what the media and left likes to deceive the nation about Trump, he’s accomplished some extremely good things that other presidents have been too weak to do.
Trump doesn't believe that a tariff is a tax on us. He hires the only economists in the world who agree with him that balance of payments with China is an issue, and who think that making China's economy weaker will improve this. There is a real issue related to IP, but this isn't going to do anything about that. Trump has thrown out the whole world structure of sensible low tariffs to act on his own uninformed whims. This is an f-ing disaster!
I agree that Trump is not weak. But the only thing he's been effective at is fooling people and destroying things.
Trump plowed into office and ditched a Pacific Rim trade deal that would have created incredible leverage over China by making them “odd man out.” Instead, he thinks he can put the squeeze on them by unilaterally imposing a massive tax on the American people. He’s either too dumb or too dishonest to acknowledge that the other country doesn’t pay the tariffs. Trump was an “effective businessman” only insofar as he was able to make a lot of other people pay through the nose for his dishonesty and incompetence.
The tax is paid only by those who buy Apple Products. It’s hardly a massive tax on the American people until Apple moves production to a new country or China agrees to a new Trade deal.
WalMart has the same complaint for the same reasons. That certainly counts a massive tax on the American people.
As an unintended consequence, Trump found a way of taxing one of the big tax avoiders. I guess the stock value should take a hit, but probably good for the US taxpayers.
Last I checked Apple was the highest tax payer in the country. I'm sure that's more than your entire family combined. "Greedy" Apple.
I assumed he was referring to the Irish situation. But yes, he should have been aware of the American context regarding tax contributions where Apple is indeed the largest single contributor within the US tax base.
As an unintended consequence, Trump found a way of taxing one of the big tax avoiders. I guess the stock value should take a hit, but probably good for the US taxpayers.
It is the legal responsibility of an American Corporation to increase profitability. Apple has broken no US law by avoiding taxes when permitted.
Thanks for your first post Apple bash. Troll..!
Why do people keep saying this? There is no such legal obligation on an American, or any other company to do increase profitability. They are certainly obliged to act in the shareholder interest and often this means profit, but to say the have an obligation to increase profitability is simply not true. If it were the case, every time a company posted a loss they would be open to shareholder revolt and possible legal action.
It won’t affect other competitors in the US because they build less stuff in China. Not sure that’s a valid reason in my book.
Apple should diversify more just in case.
Is that why those 600 CEO's told Trump to "back off fool!"?
Of course not. They were far more interested in ensuring their businesses with Chinese manufacturing ties continue to line their pockets.
Line their pockets -- yeh -- and ours too. They went there because they got the highest quality product at the lowest possible cost. And the ultimate winners are US! (Well, we were until Trump got involved!)
The silly thing is: All those deplorables think that all those Chinese jobs are coming back here paying $30/hr + benefits. Even assuming that they do come back here, few of those deplorables would be willing to do what Chinese workers do everyday.
Comments
Thanks for your first post Apple bash. Troll..!
Trump doesn't believe that a tariff is a tax on us. He hires the only economists in the world who agree with him that balance of payments with China is an issue, and who think that making China's economy weaker will improve this. There is a real issue related to IP, but this isn't going to do anything about that. Trump has thrown out the whole world structure of sensible low tariffs to act on his own uninformed whims. This is an f-ing disaster!
https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits
https://www.cnbc.com/2019/06/19/trade-war-china-raises-tariffs-on-us-cuts-levies-on-other-countries.html