[citation][nom]wintermint[/nom]Cash reserve of $41.7 billion? We need some corporate tax here cuz the economy going to shit and god dam! the mass is so uneducated![/citation]
That's it, "They have money, let's tax the hell out of what they earned because we (the government) messed up with our budget!". This is one of the main reasons so many of the jobs have gone overseas. So many businesses leave because they cannot sustain themselves with the numerous taxes applied out there.
On a positive case-in-point, the company I work for had a net profit of $4 billion last year. BRING ON THE CORPORATE TAX! No, what did they do? Hired roughly 75 new employees, built a new R&D center (think of employees plus paychecks going to the construction and production/textile companies and their workers), purchased a struggling smaller competitor (think of some of the jobs saved as well as the new IP's), and renovated one of the older labs (again, flow of money going to those that performed the work), and oh yeah; made their investors and shareholders happy. If a large jump in corporate tax was imposed, how much money would have been taken out of the public sector and public circulation, and how many jobs would have eventually been lost as a byproduct? I guarantee you they wouldn't have been as generous as they were. Just think if you were one of the unlucky unemployed for the past year and you were one of those new hires that might have not been possible? Taxes are needed to fund necessities, but it's the cash flow and the reinvestment of it within the private sector that keeps the economic train moving.
I say congratulations Apple an the cash you have earned, spend it wisely - and yes, your products are overpriced.
That's it, "They have money, let's tax the hell out of what they earned because we (the government) messed up with our budget!". This is one of the main reasons so many of the jobs have gone overseas. So many businesses leave because they cannot sustain themselves with the numerous taxes applied out there.
On a positive case-in-point, the company I work for had a net profit of $4 billion last year. BRING ON THE CORPORATE TAX! No, what did they do? Hired roughly 75 new employees, built a new R&D center (think of employees plus paychecks going to the construction and production/textile companies and their workers), purchased a struggling smaller competitor (think of some of the jobs saved as well as the new IP's), and renovated one of the older labs (again, flow of money going to those that performed the work), and oh yeah; made their investors and shareholders happy. If a large jump in corporate tax was imposed, how much money would have been taken out of the public sector and public circulation, and how many jobs would have eventually been lost as a byproduct? I guarantee you they wouldn't have been as generous as they were. Just think if you were one of the unlucky unemployed for the past year and you were one of those new hires that might have not been possible? Taxes are needed to fund necessities, but it's the cash flow and the reinvestment of it within the private sector that keeps the economic train moving.
I say congratulations Apple an the cash you have earned, spend it wisely - and yes, your products are overpriced.