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by seanmcdirmid
484 days ago
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There is no way Apple as a public company could just burn cash getting everything made in the US, shareholders would revolt long before the money ran out. > And I don't care that it's better for their stock price; that's Apple's problem not mine as a US citizen. That is the shareholder’s problems. People like to think that their investments won’t go batsh*t insane overnight. > And even as an Apple investor I would rather the money be spent on US on-shore operations. Apple doesn’t even make all, or even most of its money in the states. Not all of its shareholders are American, if they went this route they could lose half of their revenue overnight (as other countries note the protectionism and tariff or simply forbid Apple products from being sold). |
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>Apple doesn’t even make all, or even most of its money in the states. Not all of its shareholders are American, if they went this route they could lose half of their revenue overnight (as other countries note the protectionism and tariff or simply forbid Apple products from being sold).
So? I don't care about their revenue, I care about the future of American industry. Having a bunch of cash hoarded by old people is irrelevant if it isn't reinvested in something I care about. And I don't care about your supercar or Nobu reservation, or if some fund returns an extra 2%. This is despite being a direct beneficiary.
Live by shareholder return, die by shareholder return; the US is not and shouldn't ever be geared to shareholder return over everything else. Apple and other companies have freeloaded off the US for far too long.