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Apple CEO Tim Cook Pounds Another Nail Into the Keynesian Coffin
RCM ^ | 05/24/2013 | John Tamny

Posted on 05/24/2013 7:04:33 AM PDT by SeekAndFind

Edited on 05/24/2013 7:05:03 AM PDT by Admin Moderator. [history]

As most readers are now aware, technology giant Apple Inc. has in the past few days been the recipient of juvenile attacks from U.S. Senators on both sides of the political aisle. Its alleged misdeed: the legal shielding of overseas earnings from corporate taxation stateside.


(Excerpt) Read more at realclearmarkets.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: apple; keynesians; taxes

1 posted on 05/24/2013 7:04:33 AM PDT by SeekAndFind
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To: SeekAndFind

Team Obama, I am convinced, is going beyond mere Keynesian theory....he wants to implement unadulterated Bolshevik policies.


2 posted on 05/24/2013 7:06:59 AM PDT by SoFloFreeper
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To: SeekAndFind

It should be changed from the term Keynesian theory... To KENYASIAN theory.


3 posted on 05/24/2013 7:11:02 AM PDT by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: SeekAndFind

I don’t care where they put their money, I just want Apple to get the damn stock price up!


4 posted on 05/24/2013 7:12:50 AM PDT by bigbob
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To: SeekAndFind


5 posted on 05/24/2013 7:17:08 AM PDT by Iron Munro (Obama-Ville - Land of The Freebies, Home of the Enslaved)
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To: bigbob

RE: I just want Apple to get the damn stock price up!

Well for sure, that ain’t gonna happen if they pay 35% corporate taxes here in the USA.


6 posted on 05/24/2013 7:18:14 AM PDT by SeekAndFind
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To: SeekAndFind
Well for sure, that ain’t gonna happen if they pay 35% corporate taxes here in the USA.

Yes, but at least they will be paying their fair share.... /s

7 posted on 05/24/2013 7:24:27 AM PDT by llevrok (2013: - Obama vs America. The new cold war)
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To: SeekAndFind

Funny that Keynesian Socialists are so wont to attack a company who benefitted from the Keynesian Free Trade the same Socialists push

Unfortunately liberals in both parties have zero understanding of practical economics

If you did away with Free Trade, and returned to competitive tariffs....Apple would never be punished for conducting business in America. Free Trade requires Income Taxes to raise revenue. Something neither our government, nor the author, quite comprehend


8 posted on 05/24/2013 8:13:19 AM PDT by SeminoleCounty (GOP - Greenlighting Obama's Programs)
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To: SeekAndFind

Like Apple or not, they have EVERY right to protect themselves and their stockholders from Government’s GREED.


9 posted on 05/24/2013 8:36:25 AM PDT by VideoDoctor
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To: VideoDoctor

The only reason the gov went after the Mafia was to kill the competition.


10 posted on 05/24/2013 9:12:00 AM PDT by glyptol
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To: SeekAndFind

Rather than berate Apple for following the law and looking like j@ck@sses, Congress should just change the law. This is merely kabuki theatre.


11 posted on 05/24/2013 9:15:59 AM PDT by griswold3
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To: SoFloFreeper
he wants to implement unadulterated Bolshevik policies

Read the Obamacare bill. It's pure unadulterated Bolshevism.

It's truly hilarious. If you talk to Russians in Russia, they all say "been there, done that, not going back". They know what its like.

Wait till U.S. hospitals turn into grubby dormitories with third rate docs wandering around, saying nice things to the desperately ill as they wait for them to die.

So it's already here. The dumbthug garbage has managed to impose his dimwitted version of the world on a generation of morons.

It will take 3 generations to get rid of it, if we don't do it now.

12 posted on 05/24/2013 9:24:16 AM PDT by Regulator
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To: SeminoleCounty

Do you have a definition of “free trade”? It’s not clear what you mean. Also, are you a union dockworker or have you ever been in a union?


13 posted on 05/25/2013 7:04:31 AM PDT by 1010RD (First, Do No Harm)
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To: SeminoleCounty
Maybe if Apple had off shored EVERY production facility to the third world there wouldn't be a backlash. I hate all taxes, but if you have to have one then a tariff is better than an income tax, both individual and business.

The problem for Apple is that it is a gloBULL corporate entity, and they want to maintain the trappings of a US company, benefiting from the social and military spending of the US taxpayer. Id rather pay workers here to build Apple products than welfare to the unemployed. I buy an I-phone maybe every 5 years, at a 5-10% discount due to slave labor, but I pay INCOME TAXES EVERY YEAR. So what' s the better bargain?

14 posted on 05/25/2013 7:12:40 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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