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Apple and other mega-corporations and the U.S. economy

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nlsme said:
The thing is, BOB, that this discussion is not about the hundreds of bussiness that barely get by. It is about "mega-corporations" with BILLIONS in profits, paying their execs HUNDREDS of MILLIONS. I have run a business for many years, and even in this economy, I am still doing all right. I haven't run a multi billion dollar company, but then again, neither have you. I think a lot of economists would disagree with you about taxes going up hurting everyone. Especially considering, the increased taxes need to go to those execs that "earn" hundreds of millions. Or to the business' that "earn" billions. And by "going up" I mean, getting less welfare.....
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You are correct. I do not run a multi-billion dollar business. But I do surprisingly well.

There will be smaller concerns growing up. And whatever rules, laws, edicts, tax code changes you apply to the large concerns will filter down to the smaller concerns.
 
nlsme said:
The problem with you analogy is the that they outsourced because their "in-house"tech was warranted for 3-4 hours a month. Here is a better example. IF, your company provided 40 hours of work a week, what would be more expensive?
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We would be much more expensive, but we're not in India. :)
 
Bob Maxey said:
You are correct. I do not run a multi-billion dollar business. But I do surprisingly well.

There will be smaller concerns growing up. And whatever rules, laws, edicts, tax code changes you apply to the large concerns will filter down to the smaller concerns. You need an education, Me thinks.

And I do not think anyone sharing your views likely runs a business.
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Nice personal attacks there Bob. I do run a business. I do it really well. I don't see how my views regarding the tax laws pertaining to multi-billion dollar business, execs making 100 million a year, have anything to do with my ability to run said business. Try debating against the arguement, instead of relying on personal attacks, and you might get somewhere in the arguement.
 
Bob Maxey said:
When taxes go up, it hurts everyone because there are fewer people hired, less expansion, and less willingness to invest. Those that are laid off might start welfare and that costs us all money. Welfare folks do not buy things like cool phones or new cars or iPads, so salespeople are laid off and so forth.
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If what you said were true, the post-war boom would have been a post war bust. From 1945 to 1962 - a period of strong economic growth in the US - the highest individual tax rate was over 90%. From 1963 to 1981 the top rate was 70%.

From 1947 to 1980, economic growth was consistently higher than any time since, crossing 15% of GDP three times and routinely crossing 10% GDP. Since Reagan slashed the upper tax bracket, US economic growth has never reached 10%.

Now, with personal tax rates near all time lows (35%), the US is in economic crisis with high unemployment, stagnant wages and reduction in purchasing power. Growth ranges from is anemic to non-existent.

These are facts. You are welcome to dismiss them if they conflict with your belief system.
 
A.Nonymous said:
Fair enough. But let's assume the company can get similar savings from someone in India. Why does it not make sense to do that?
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I only said that the savings from outsourcing is NOT passed along to the consumer. Nobody has been able to provide a single verifyable item, where the price to the consumer has been lowered after it was outsourced.

I will add to that, that our government should discourage outsourcing, through tax laws. Nothing is wrong with a business outsourcing to maximise profits by doing so. I just don't think our government should sit by and do nothing about it, or even worse yet, outright encourage it.
 
Hmm I think it is wrong and unfair / not justified for one company to pay waaaay more money in taxes just for being successful.

I have realized there are a ton load of Americans on these forums so I am most probably going to get flammed / jeered / boo-ed at for what I am about to say but here goes:

Because American guvermont is rasing taxes all the time so if I were the owner or owners of Apple I would just move my busines to a tax haven country or very low tax country (Like Singapore) and renounce my USA citizenship to make super profits.

Our taxes are waaaay higher in SA anywayz but never mind that.

I believe the American gubbermint is spending waaaay too much money on stupid things like wars, welfare etc etc and thus according to me If I were the owner / owners of Apple and in their shoes I would personally not give the USA gubbermint 1 single cent in taxes that way cause they are not being business friendly.

I would just pick up my whole business and move country where their are much lower taxes.

The USA government needs to stop over spending then i would gladly pay taxes but I wouldn't like to pay taxes to a goverment when they are doing stupid stuff.

:)

Let the flamming begin!
 
nlsme said:
"corporate welfare" is a far larger expendature in America, than welfare is.
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lol Sorry for my own stupidity and lack of understanding but what is corporate welfare and what is expendature?

Is an expendature like a sum of money?

Hmm I see you are on probation now? How did that happen? :confused:

Anywayz never mind that,

The point is if I was the CEO of Apple and was paying a lot of money in taxes like Apple is now then I should have the greatest say in what the gubbermint says or should have more say in what the government of the USA does and does not do if my hard earned money is being spent I should have more say.

After all that is my money being spent.

Anywayz that is just my 2 cents I could be totally wrong lol I have been wrong very often :rolleyes:

P.S. I am not the sharpest tool in the shed :)
 
Having more money, should not mean you are represented more. ALL men are created equal. Corporate welfare is the same as welfare, only it is given tocorporate America. Exxon Mobil is a good example as a benefactor of corporate welfare.

I am on probation for responding to an off topic post.
 
nlsme said:
Having more money, should not mean you are represented more. ALL men are created equal. Corporate welfare is the same as welfare, only it is given tocorporate America. Exxon Mobil is a good example as a benefactor of corporate welfare.
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All animals are created equal, but some are more equal than others.
 
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