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It's not so much about tax rates and I haven't looked into it too deeply - although I'm sure the big companies hire the best accountants to use every loophole i
by alexashka 9y ago
It's not so much about tax rates and I haven't looked into it too deeply - although I'm sure the big companies hire the best accountants to use every loophole in existence.
I am referring to this:
https://www.cnbc.com/2017/05/02/apples-cash-hoard-swells-to-record-256-8-billion.html https://www.cnbc.com/2017/05/02/apples-cash-hoard-swells-to-...
Companies should not be allowed to simply hang on to 250 billion dollars.
Imagine what could be done in science, infrastructure, services etc if 10% of that money went towards those things.
There's a great Peter Thiel clip about this that sums it up very well:
https://www.youtube.com/watch?v=2Q26XIKtwXQ https://www.youtube.com/watch?v=2Q26XIKtwXQ
- colejohnson66 9y ago> Conpanies should not be allowed to hang on to 250 billion dollars. Why? They earned it. And have you seen how much Apple donates to charities? Bill Gates at one point had a net worth of over 100 billion dollars before donating a huge sum to charity. If 250 billion is too much, what is a good amount?