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The problem I have with that is that it favors foreign asset ownership. I own some Apple stock and live in Germany. Now when Apple designs and develops an iPhon
by realityking 5y ago
The problem I have with that is that it favors foreign asset ownership. I own some Apple stock and live in Germany. Now when Apple designs and develops an iPhone in California, manufactures it in China and sells it in Chicago should the tax on the profit (dividends or realized gains) only go to Germany or should the US and China also get a slice of the pie?
Apple definitely benefits from many resources the US and China provide, from roads to police.
- gruez 5y ago>Apple definitely benefits from many resources the US and China provide, from roads to police. Roads are already financed by vehicle registration/fuel taxes. Police are funded partially from property taxes. Besides, most businesses don't crime by themselves. They're mostly caused by humans, which are already taxed.
- realityking 5y agoYou’re wrong about the fuel tax: https://www.bloomberg.com/news/articles/2015-05-13/debunking-the-myth-that-because-of-the-gas-tax-only-drivers-pay-for-roads https://www.bloomberg.com/news/articles/2015-05-13/debunking... But that’s besides the point, these were just two examples of the way businesses benefit from the societal infrastructure around them. They should pay a part of that infrastructure.