Politics Apple to hire 20,000, open second headquarters and pay $38 billion tax bill on overseas profits

Discussion in 'Blazers OT Forum' started by Denny Crane, Jan 17, 2018.

Moderators: 7

Moderators

  1. BrianFromWA
  2. Chris Craig
  3. Darkwebs
  4. Ed O
  5. PtldPlatypus
  6. SlyPokerDog
  7. Strenuus
Page 2 of 8
  1. donkiez

    donkiez Well-Known Member

    Joined:
    Jan 17, 2009
    Messages:
    4,235
    Likes Received:
    3,260
    Trophy Points:
    113
    donkiez, Jan 18, 2018
    #21
    riverman likes this.
  2. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

    Joined:
    May 24, 2007
    Messages:
    72,976
    Likes Received:
    10,655
    Trophy Points:
    113
    Occupation:
    Never lost a case
    Location:
    Boston Legal
    There have always been company towns.
     
    Denny Crane, Jan 18, 2018
    #22
  3. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

    Joined:
    May 24, 2007
    Messages:
    72,976
    Likes Received:
    10,655
    Trophy Points:
    113
    Occupation:
    Never lost a case
    Location:
    Boston Legal
    FWIW, I do read links like yours (that other people post). I post links to articles I read in the mornings, which is just my habit. That is, I like to read the news, first thing, and post links to what's relevant here. Hopefully it keeps people up to date on current events.
     
    Denny Crane, Jan 18, 2018
    #23
    riverman likes this.
  4. jlprk

    jlprk The ESPN mod is insane.

    Joined:
    Sep 25, 2009
    Messages:
    30,672
    Likes Received:
    8,852
    Trophy Points:
    113
    Occupation:
    retired, while you work!
    I've been missing your half-truths, Denny. Welcome back!

    So...nothing about the half-trillion that Apple hid overseas, from which it will now spend a paltry 55 billion on itself. What great news, shiny new Apple buildings!

    How did the Republican tax bill motivate Apple to transfer its stashed profits back into U.S. banks? Oh yeah, by vastly decreasing the tax rate Apple would pay! Your article forgot to say that.

    So instead of giving in and gradually moving the funds at the higher tax rate several years in the future, Apple is allowed to suddenly transfer them all now at a lower rate. This fits with the overall theme of the bill, a one-time charge-up of the economy for a year or two to get short-term votes, but increasing the national debt by trillions, slowing the economy permanently due to interest rates.
     
    jlprk, Jan 18, 2018
    #24
  5. BrianFromWA

    BrianFromWA Editor in Chief Staff Member Editor in Chief

    Joined:
    Sep 9, 2008
    Messages:
    26,073
    Likes Received:
    9,027
    Trophy Points:
    113
    Don't sleep on Boston. I'd never go there, and it seems a "little fish, big pond" thing, but they've supposedly gone pretty far down the path...
     
    BrianFromWA, Jan 18, 2018
    #25
    donkiez likes this.
  6. BrianFromWA

    BrianFromWA Editor in Chief Staff Member Editor in Chief

    Joined:
    Sep 9, 2008
    Messages:
    26,073
    Likes Received:
    9,027
    Trophy Points:
    113
    I thought the bolded #1 was common knowledge. Many of the people I've been discussing this with have had some acceptance of the "22% of 300B (or whatever) is better than 35% of $0" truth.
    If Apple hasn't done bolded #2 in the ~15 years since the iPod came out and they started making money hand over fist, what makes you think that a more receptive business environment would ever have made them "give in"?
     
    BrianFromWA, Jan 18, 2018
    #26
  7. jlprk

    jlprk The ESPN mod is insane.

    Joined:
    Sep 25, 2009
    Messages:
    30,672
    Likes Received:
    8,852
    Trophy Points:
    113
    Occupation:
    retired, while you work!
    Bigger Apple dividends! Denny's rich friends can melt extra lobster butter now and get even fatter.
     
    jlprk, Jan 18, 2018
    #27
  8. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

    Joined:
    May 24, 2007
    Messages:
    72,976
    Likes Received:
    10,655
    Trophy Points:
    113
    Occupation:
    Never lost a case
    Location:
    Boston Legal
    Apple is paying ~$40B in tax, is bringing all the overseas money to the US. It's investment is $350B on top of that, plus 20,000 new hires.

    Not sure about your math. ~$40B is greater than $0, in terms of balancing the budget. The $350B is the size of a big infrastructure bill that government would enact.

    CBO scored the bill to lose $1.5T over 10 years, but assumed a sub 3% GDP growth rate. We've exceeded 3% GDP growth for 3 straight quarters, and it looks like we might get to 4% or higher.
     
    Denny Crane, Jan 18, 2018
    #28
  9. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

    Joined:
    May 24, 2007
    Messages:
    72,976
    Likes Received:
    10,655
    Trophy Points:
    113
    Occupation:
    Never lost a case
    Location:
    Boston Legal
    In perspective, $350B is about 1/2 of TARP, which some people credit with saving the banking system.

    $350B is about 1/2 the stimulus bill that Obama rammed through a filibuster proof congress in 2009. (Tell me about running up debts some more. Obama ran up $10T in debt, the most in history).

    Prior to that stimulus bill, the largest spending bill in history was a $286.4B highway (infrastructure) bill passed by republicans in 2005 and signed by GW Bush.
     
    Denny Crane, Jan 18, 2018
    #29
  10. jlprk

    jlprk The ESPN mod is insane.

    Joined:
    Sep 25, 2009
    Messages:
    30,672
    Likes Received:
    8,852
    Trophy Points:
    113
    Occupation:
    retired, while you work!
    Apple will have its ups and downs. Sometime in the future, it would have needed some of that cash and brought it back. And even if it didn't, it could be forced to, by increasing overseas profits tax rates.
     
    jlprk, Jan 18, 2018
    #30
  11. jlprk

    jlprk The ESPN mod is insane.

    Joined:
    Sep 25, 2009
    Messages:
    30,672
    Likes Received:
    8,852
    Trophy Points:
    113
    Occupation:
    retired, while you work!
    You guys caused an emergency then. There is no emergency to solve now. Other than getting Republicans elected with a short-term sugar high, which will cause a downer.
     
    jlprk, Jan 18, 2018
    #31
    riverman and UncleCliffy'sDaddy like this.
  12. UncleCliffy'sDaddy

    UncleCliffy'sDaddy We're all Bozos on this bus.

    Joined:
    Jul 2, 2015
    Messages:
    7,356
    Likes Received:
    14,923
    Trophy Points:
    113
    Meh.....You got a huge chubby over those Carrier and Ford jobs Trump was going to keep in America.....and we’ve seen how that turned out in the end. This is just another “believe it when you actually see it” Apple PR brand of bullshit. For a guy who shit bricks over Obama running up the deficit, you’re one happy camper when running it up it helps your personal bank account. And anyone who believes the current stock market rally is real for the long haul gets exactly what they deserve. How many times are we actually going to keep buying this kind of hustle before we wise up? Probably only when the hands pulling the levers have vacuumed up every dollar in existence.....
     
    UncleCliffy'sDaddy, Jan 18, 2018
    #32
  13. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

    Joined:
    May 24, 2007
    Messages:
    72,976
    Likes Received:
    10,655
    Trophy Points:
    113
    Occupation:
    Never lost a case
    Location:
    Boston Legal
    No success is good enough?

    So it seems.

    http://www.foxnews.com/politics/201...-at-carrier-plant-trump-promised-to-save.html

    But the company said in a statement: “More than 1,100 jobs remain at the Indianapolis facility in keeping with our 2016 commitment.”
     
    Last edited: Jan 18, 2018
    Denny Crane, Jan 18, 2018
    #33
    bodyman5000 and 1 likes this.
  14. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

    Joined:
    May 24, 2007
    Messages:
    72,976
    Likes Received:
    10,655
    Trophy Points:
    113
    Occupation:
    Never lost a case
    Location:
    Boston Legal
    Not me guys.

    And I wouldn't have spent the TARP money or the "emergency" stimulus money either.

    "emergency" in quotes because it's a technicality that allowed Obama and Democrats to bust the budget beyond absurdity.
     
    Denny Crane, Jan 18, 2018
    #34
  15. riverman

    riverman Writing Team

    Joined:
    Nov 15, 2013
    Messages:
    67,841
    Likes Received:
    66,595
    Trophy Points:
    113
    My investments have made a few thousand dollars since deregulating big business but unfortunately....probably not enough to compensate for the rising health care costs I'll be paying from here on out....then you need to subtract the legal pot money since this American business is not allowed to bank (5.5 billion just in California) but is already stateside......then subtract the cost of the wall and add military escalation.....yeah...the big guys are cashing in early. I split my retirement accounts just to be safe...unfortunately in Oregon capital gains taxes offset investment gains far too often....will pay more in tax in the end. Apple coming back is fine....PCs rule asia...Apple has had a hard time controlling that market over there but they rule the States....makes sense they'd move home. I'm all for success ....but 10 years from now it might not look so successful
     
    riverman, Jan 18, 2018
    #35
  16. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

    Joined:
    May 24, 2007
    Messages:
    72,976
    Likes Received:
    10,655
    Trophy Points:
    113
    Occupation:
    Never lost a case
    Location:
    Boston Legal
    Elon Musk saved the auto industry.
     
    Denny Crane, Jan 18, 2018
    #36
  17. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

    Joined:
    May 24, 2007
    Messages:
    72,976
    Likes Received:
    10,655
    Trophy Points:
    113
    Occupation:
    Never lost a case
    Location:
    Boston Legal
    The mandate was repealed, but the support payments for insurance (from ObamaCare) are still a liability the government has to cover.
     
    Denny Crane, Jan 18, 2018
    #37
  18. riverman

    riverman Writing Team

    Joined:
    Nov 15, 2013
    Messages:
    67,841
    Likes Received:
    66,595
    Trophy Points:
    113
    I thought we saved the auto industry.....Toyota started the trend for hybrid and electric tech...Musk improved that....not sure I'd credit him with saving the industry as it's struggling to sell cars as it is
     
    riverman, Jan 18, 2018
    #38
  19. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

    Joined:
    May 24, 2007
    Messages:
    72,976
    Likes Received:
    10,655
    Trophy Points:
    113
    Occupation:
    Never lost a case
    Location:
    Boston Legal
    If GM would have gone bankrupt, and out of business, Tesla would still be the new Auto Industry.

    People aren't buying the cars because they're green, they're buying them because they have a lot of money to spend.

    Musk is making product people want. GM wasn't.

    It's not our job to bail out companies when they make massive mistakes over long period of time.
     
    Denny Crane, Jan 18, 2018
    #39
    UncleCliffy'sDaddy likes this.
  20. riverman

    riverman Writing Team

    Joined:
    Nov 15, 2013
    Messages:
    67,841
    Likes Received:
    66,595
    Trophy Points:
    113
    Here...you drive to any parking lot filled with cars and count the Tesla's......I promise you Toyotas far outnumber them...American trucks are still popular though...
     
    riverman, Jan 18, 2018
    #40
Page 2 of 8

Share This Page