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by danjayh
3081 days ago
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I find it odd that you start from a position that assumes that the federal government has a right to Apple's money. It was basically an attitude like that on the part of the British that led to the American revolution in the first place. If you want a health economy with strong labor demand and robust wage growth, we need to start from the opposite position - the federal government must avoid taxation for all but the most essential services and cut out everything else. If individual states wish to have more services, let them tax and spend for their local populations. At least that way if businesses and people don't like it, they can leave without leaving the country. |
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I'm starting from a position that assumes the government is entitled to the prevailing tax rate that was law at the time the income was earned.
A tax rate that existed during a time when Apple became the world's most valuable company. It wasn't a colony with no representation suffering under a tyrannical monarchy that was leeching it like a parasite for the enrichment of an elite class. They ARE the elite class.
In fact the opposite is true. Apple benefited from all the services paid for by other tax payers (security and military, infrastructure, legal system, etc) and avoided paying their fair share using legal tricks and loopholes.
The result wasn't "fix the loopholes" it was "give the finger to the American people and government until we get someone elected that will change the rules in our favor"
I'm not saying government is the answer to all problems. Far from it. But there's no question Apple exists and is as successful as it is in large part due to the favorable environment America provides to business...and part of that environment exists due to things paid for with taxes. Never mind the ridiculous wealth inequality that is only continuing to grow in the U.S...this road leads to oligarchy.