The People's Budget: a raise for America - Page 11 - Politics and Economics

PTU really needs to keep jobs in america because people who don't speak english and have even less education than he does can do his job for 1/2 the price or less.

and in ikes world, EVERYONE is capable of becoming an engineer or doctor.

#IkesFallacy

03-22-2015 , 11:05 PM

#252

grizy

Carpal \'Tunnel

Join Date: Dec 2006 Posts: 20,569

Quote:

Originally Posted by PoundingTheUnder

and americans overwhelmingly reject this brand of global feudalism. america is a left leaning country, as i said.

Americans overwhelmingly don't know or care.

More people realize the idiocy of USA taxing overseas earnings than you seem to realize

03-22-2015 , 11:09 PM

#253

PoundingTheUnder

banned

Join Date: Jan 2015 Posts: 1,738

Quote:

Originally Posted by LastLife

That's exactly what I said. How about I simplify it for you. Apple can't invest that money in the US without tax penalties.

Banks park assets outside the US to avoid taxes too. Even if they didn't, you would rather banks loaning out that money as opposed to Apple bringing it back and either investing it creating jobs and more individual and corporate taxes, issuing dividends resulting in more dividend taxes, or buying back shares resulting in more capital gains taxes.

so... what... just get rid of taxes, because they're such an 'inconvenience' for business?

03-22-2015 , 11:10 PM

#254

PoundingTheUnder

banned

Join Date: Jan 2015 Posts: 1,738

Quote:

With all that cash in reserve, Apple was able to raise the money at super-low interest rates – it paid far less than it would have had to pay in tax if it had chosen to repatriate cash to fund the buyback. Professor Edward Kleinbard of the University of Southern California argues that Apple's net cost was next to nothing, because it also earns interest on its overseas holdings.

http://www.theguardian.com/technolog...x-avoidance-us

03-22-2015 , 11:10 PM

#255

Proph

banned

Join Date: Apr 2011 Posts: 3,834

Quote:

Originally Posted by PoundingTheUnder

and in ikes world, EVERYONE is capable of becoming an engineer or doctor.

#IkesFallacy

Unless they suffer from a mental disability, anyone is capable of becoming an engineer or doctor; provided they put forth the effort.

Some may have to try harder than others and success may take longer, but it is always an attainable goal.

03-22-2015 , 11:13 PM

#256

PoundingTheUnder

banned

Join Date: Jan 2015 Posts: 1,738

really? wonder what if ikes knows that any ole, 95 IQ simpleton, can become a doctor, "if he tries hard enough."

03-22-2015 , 11:14 PM

#257

LastLife

Pooh-Bah

Join Date: Feb 2007 Posts: 4,593

Where did I post that? For all the large companies that keep money out of the US, there would be more, not less, taxes generated.

03-22-2015 , 11:17 PM

#258

LastLife

Pooh-Bah

Join Date: Feb 2007 Posts: 4,593

Quote:

Originally Posted by PoundingTheUnder

http://www.theguardian.com/technolog...x-avoidance-us

Quote:

or buying back shares resulting in more capital gains taxes.

03-22-2015 , 11:35 PM

#259

ikestoys

banned

Join Date: Nov 2006 Posts: 94,424

Quote:

Originally Posted by PoundingTheUnder

really? wonder what if ikes knows that any ole, 95 IQ simpleton, can become a doctor, "if he tries hard enough."

Unlike you I'm not going to lie about knowing every personal detail about anyone I've ever met... But I don't see why it's not possible.

Regardless, that's besides the point. Why should I pay someone as comparatively advantaged as you more to do a job some third world dude can do?

03-22-2015 , 11:43 PM

#260

PoundingTheUnder

banned

Join Date: Jan 2015 Posts: 1,738

you don't see why everyone can't be a doctor or engineer?

what do you think those people who can't become doctors or engineers should do? just work at wal mart and STFU? and we're still subsidizing that person through food stamps, medicaid, etc.

having a broad-based economy, that allows people of all skill-sets the dignity of a job, seems smart.

john oliver is on fire tonight. hope all are watching.

03-23-2015 , 12:02 AM

#261

LetsGambool

banned

Join Date: Jan 2007 Posts: 26,568

Quote:

Originally Posted by PoundingTheUnder

and it's your contention that's the reason why we don't have a bunch of iphone factories in this country? LOL!!!!!!!!!!!!!

and it's sitting in american banks being loaned out to american businesses is the point of the quote. maybe apple can't use it, but surely wells fargo can loan it to your company.

Actually, they kinda can't given capital rules. Banks are actively trying to discourage large corporate deposits.

03-23-2015 , 12:05 AM

#262

PoundingTheUnder

banned

Join Date: Jan 2015 Posts: 1,738

perhaps you're more of an expert than the article. somehow... i doubt that though.

03-23-2015 , 12:34 AM

#263

LastLife

Pooh-Bah

Join Date: Feb 2007 Posts: 4,593

Not new. Banks are flushed with capital and lending standards are much more strict than they have been in the past.

03-29-2015 , 03:13 AM

#264

PoundingTheUnder

banned

Join Date: Jan 2015 Posts: 1,738

Quote:

The Progressive Budget alternative failed 96 to 330, with key Democrats like Pelosi and Rep. Chris Van Hollen of Maryland voting against the proposal.

Read more: http://www.politico.com/story/2015/0...#ixzz3VkwCIoaF

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