Reading between the lines, anyone else seeing an inhouse FAB! In the name of vertical integration, that is the last thing they need to consolidate after M1. Imagine Processor, Graphics, Modem, Baseband, Power Control all chips designed inhouse and manufactured on own FAB. ;)
Apple commits $430B in US investments over five years
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Re: Apple commits $430B in US investments over five years
#132Earlier quoted context omitted.
You can’t expect a company (or individual) to not act in their best interests - it’s up to the Goverment to make the law and tax code fair or redistribute wealth
Warren Buffett and Bill Gates say they should be paying more taxes.
Yet, they're not. "Do as I say, not as I do!"
Re: Apple commits $430B in US investments over five years
#133Reading between the lines, anyone else seeing an inhouse FAB! In the name of vertical integration, that is the last thing they need to consolidate after M1. Imagine Processor, Graphics, Modem, Baseband, Power Control all chips designed inhouse and manufactured on own FAB. ;)
Apple outsources nearly all of its manufacturing, I can't see that changing any time soon.
Re: Apple commits $430B in US investments over five years
#134I'm probably reading too much into this, but it feels like this and other corporate announcements are channeling a pretty substantial shift in political-economic mood, theory-space or whatnot. They seem to be justifying themselves in ways that were previously unnecessary. If Monetarism really is being abandoned, I predict unpredictable changes to economic thinking across the board. It was definitely impactful on the…
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Re: Apple commits $430B in US investments over five years
#135This is very good news. I would love to see pro-capitalist policies enacted to bolster this. Things like repealing labor laws that grant unions with extra-contractual privileges that come from suppressing employers' rights - like being able prevent companies from replacing them when they strike - in order to restore contract liberty and re-institute a national free market in labor, scaling back and streamlining EPA regulations, and totally abolishing the OSHA, would do wonders for inviting more manufacturers to return to the US, and create strong network effects in supply chains.
Re: Apple commits $430B in US investments over five years
#136Earlier quoted context omitted.
Not attacking you, but I'm so tired of this: "...who has a duty to shareholders to, you know, not pay more taxes than they have to..." Let's make shareholders rich. It'll all trickle down from there...
Why aren't you a shareholder? EDIT: sure - downvote me all you want. The question is still around.
Getting rich via investment depends on having income above a threshold which is set by the cost of living.
If you spend 50% of your income every year and stick the rest into the stock market and get 6% or so after inflation, you can sustain your spending without working after about twelve years.
If you spend 90% of your income every year and stick the rest into the stock market and get 6% or so after inflation, you can sustain your spending without working after about forty years.
It's all to say that being a shareholder matters in a hugely different way depending on your income. The disparity is worse when you look at how you can sustain higher volatility once you're already wealthy.
You're asking why can't people just be shareholders, but I think you're asking why it isn't enough that everyone can be shareholders. The reason is that being a shareholder only matters for those already making a ton.
Re: Apple commits $430B in US investments over five years
#137Earlier quoted context omitted.
man you people are coming out of the woodwork to simp for apple; if what you're saying were true then the language wouldn't be so topical and timely (eg alluding to hbcus).
Comments like this are evidence that HN is turning into Reddit.
Why do you think this is happening? I've noticed a recent decline, but people have been saying this place isn't what it used to be for years. I've been attributing it to a change in myself.
I wonder if you could do some analytics on comments and measure whether things have actually gotten worse. Finding a metric might be difficult. I suppose you could measure what percent of comments are from newer users over time, which is probably correlated.
Re: Apple commits $430B in US investments over five years
#138How about they pay taxes, for a start?
If crazy tax schemes are legal, that's the politicians' fault for not fixing them, not Apple's (who has a duty to shareholders to, you know, not pay more taxes than they have to).
> If crazy tax schemes are legal, that's the politicians' fault for not fixing them, not Apple's
100% agreed.
> who has a duty to shareholders to, you know, not pay more taxes than they have to
I don't believe they have any such duty. Corporate charitable giving is a really big thing.
Re: Apple commits $430B in US investments over five years
#139I don't care why they are doing this, but it should have happened a long time ago. The cynism here is disappointing. If companies start investing their money domestically then excess savings will fall, deflationary pressures will be gone and the economy will start growing quickly again and that means wages will grow too.
Most of Apple’s money is made abroad. Is there a reason why it should come back to the US at a loss for the stock holder?
> why it should come back to the US
They are a US company, reaping the tax benefits of that nexus. If they'd been an EU company, they would have paid a lot more in various taxes (including higher wage taxes) over the last 40 years. IOW, they would not be as wealthy a company today.
Re: Apple commits $430B in US investments over five years
#140I kind of hate the way Apple phrases their business investments like they're performing some great charitable act. Also, I'll wait for an external audit of whether they're paying all the relevant local taxes before I would consider giving them credit for these "investments" in local infrastructure they're making.
Please indicate the phrases that imply a "great charitable act." I see normal, straight-forward corporate press release speak. If Intel or Google were making a similar announcement it would sound quite like this one. They are making significant investment. Would you "give them credit" if they were not making the investments?
For starters, they use the word "contribution" several times, which is a pretty weasely way of describing spending money on yourself.