I'll bet there is no more skepticism now of my allegation that corporations were sitting on vast sums of cash.
It's good that Apple plans to bring some of that back into the USA, in some form or fashion. But let's temper our enthusiasm with the realization that Apple has confirmed that much of it will go into stock buybacks and dividends (another of my allegations which met with skepticism here), and that many of the jobs and "injection of money" they predict are predicated on their expectation of third parties. Developers and so on.
The good news is that Apple's horded cash will be taxed, and that is definitely due to the lowering of the tax rate. As for the rest, we'll have to wait and see.
WP, dumbass, everyone has known that US Companies had off shore earnings "parked" in more tax freindly Con tries for overy 20 years.. God son, just stop.
You didn't seem to understand the relationship between their huge cash reserves and the likelihood that they'd spend cash bonus from tax cuts on hiring and capital expansion. Nor do you seem to understand now that those holdings are not predicated merely on tax havens.
I'll tell you what, KD. I don't think that you're grasping any of the concepts that I present, and I'm mostly ignoring your ankle-biting anyway. Why don't you just give up with this attention-seeking carping?
NY Times Jan 2011 , reported that key Businesses like Apple, Microsoft, GE approached Obama with the " Tax Holiday" to bring back part of the Estimated 1.2 Trillion of shore earnings.
Obama sat on his ass, did nothing, then attacked those same Companies publicly for thier "greed".
President Trunk in a fit of loonInes acted, Billions flowing into US Economy. Building stronger companies at home.
Anonymous wphamilton said... I'll bet there is no more skepticism now of my allegation that corporations were sitting on vast sums of cash. _____________________________________________________________________________________________________________________________________
don't break your own arm patting yourself on the back there chief.
we all knew that there was at least $2T of corp cash sitting on the offshore sidelines. that was, in fact, one of the main tenets of the tax reform pkg. to repatriate that $$$.
money flows to where it's treated the best, wp. whether it's on a personal and individual level, a small biz level or a corp level.
Obama Is Returning To Politics in 2018 Sam Schwarz 9 hrs ago
If President Donald Trump and the Republican Party were already worried about defending their majorities in the House and Senate come November, they will now have another major factor to contend with: Barack Obama.
The former president enjoyed a busy year since leaving the White House but has largely stayed under the radar. Now Obama is reportedly planning to return to the political stage in 2018, setting the stage for a prominent role in the lead up to the crucial midterm elections.
Close associates to the 44th president predict a politically active year, including campaign stops and other displays of public support. Obama will "continue to be politically active in 2018, with more endorsements and more campaigning," his spokeswoman Katie Hill told The Chicago Tribune.
The president spent part of 2017 jet-setting around the globe and making the most of some time off after eight years of non-stop scrutiny and governing, but he always maintained that he would never leave politics behind. Before leaving office, Obama vowed to remain politically relevant and work with and endorse candidates who sought to preserve his legacy and signature accomplishments.
In 2017, Obama took on President Donald Trump on multiple occasions though he seldom addressed the 45th president by name, instead saying that the Trump presidency has created "an unusual time." More specifically, Obama spoke out against Republican efforts to repeal Obamacare, advocated in favor of protections for so-called Dreamers and criticized Trump for his decision to pull out of the Paris climate agreement.
While Trump has recorded record low approval ratings for a president at the end of his first year, Obama has only become more popular in retirement with a favorability rating of over 60 percent. Near the end of 2017, Obama even polled with a higher approval rating than Trump in the ruby-red state of Alabama.
So Obama's appearance on the campaign trail should scare Trump and Republican candidates across the board. In a September poll, 52 percent of respondents to a poll said they wished that Obama were still in office. An active role by the former president in the 2018 elections is likely to further fire up an already energized Democratic base.
In 2017, Obama made just a single campaign appearance, showing up in Virginia to campaign for the ultimately victorious then-candidate Ralph Northam. In 2018, he will trump that number.
don't break your own arm patting yourself on the back there chief.
we all knew that there was at least $2T of corp cash sitting
More about pointing out how wrong several of you were, because you were rather obnoxious about it.
Do you still imagine that these corporations have been previously unable to find a way to utilize that $2T for capital purchases and business expansion? Apple is bringing it back now because there is less penalty for converting it directly to stock holders and stock prices - an eventuality that even the Republicans wanted to downplay when devising this tax break.
Do you still imagine that these corporations have been previously unable to find a way to utilize that $2T for capital purchases and business expansion?
Of course not, they just found a better return to purchase and expand outside the United States.
Until now.
Steve Jobs said it best when Obama begged him to start moving Apple's expansion back to the United States.
He couldn't do it as long as the corporate tax rate was as high as it was. It didn't make any fiduciary sense and would be irresponsible.
Do you still imagine that these corporations have been previously unable to find a way to utilize that $2T for capital purchases and business expansion? ___________________________________________________________________________________________________________________________________
no, they simply had no reason to expand a business into an economy that was contracting.
they had a fiduciary responsibility to their shareholders to keep their $$$ powder dry until there were indications that the economy was beginning to grow.
for chrissakes, had they tried to invest and expand under BHO, they would've been better off setting fire to the $2T in their parking lot.
same net result, just quicker.
Apple is bringing it back now because there is less penalty for converting it directly to stock holders and stock prices - an eventuality that even the Republicans wanted to downplay when devising this tax break.
and that's something that royally pisses me off. downplaying the creation of wealth like it's a bad thing. we might as well downplay the next great drug or medical breakthrough since it would save lives that would otherwise have been lost.
and that's something that royally pisses me off. downplaying the creation of wealth like it's a bad thing.
The reason the Republicans were wary of that - to the extent of denying that it would happen - is that it's not actually creating wealth. The profits are already there, any created wealth from that money is already created. By funneling it into dividends and pumping the stock prices they aren't creating new wealth, just moving it around.
It's not an "evil" thing to do, and the stockholders may use that wealth as they see fit. But it's not the ostensible goal of the radical corporate tax cuts to see cash converted to stock prices - the idea is to induce more hiring, more investment into businesses and business expansion, capital spending, all of which does create wealth.
By funneling it into dividends and pumping the stock prices they aren't creating new wealth, just moving it around. _______________________________________________________________________________________________________________________________
oh, it's creating wealth all right. for me that is.
now i know you're going to want to get into the semantic minutiae of the term 'wealth creation.' don't bother. my definition is entirely self-serving.
now, once our economy has had a chance to hum along and actually produce to it's capabilities, i'm sure there will be a multiplier effect that's more in line with the traditional definition of wealth creation.
the idea is to induce more hiring, more investment into businesses and business expansion, capital spending, all of which does create wealth. ____________________________________________________________________________________________________________________________
precisely. now let the economy digest the tax cut and work it's way towards creating wealth the old fashioned way, by earning it.
When The Home Depot in 2017 bought back 8 Billion dollars in stock, that helped my stock holding in that Company. Wealth Created. When The Home Depot Cited the Trump Tax Law for being able to buy 16 Billion dollars in stock back. My stock holdings increase in value , Wealth Created.
When The Home Depot pays out dividends my stock holdings go up as I plow those dividends into new purchases have for 8 years. Wealth created.
now i know you're going to want to get into the semantic minutiae of the term 'wealth creation.' don't bother.
Taking lessons from CH there? Making up arguments for other people?
My "definitions" are the same as the Republicans who designed the tax package. I'm fine with stimulating the economy, but I would rather not give up one red cent in taxes or debt, just to "create wealth" for a stockholder when that doesn't help the economy very much.
How do you decide which stockholders "help the economy" or for that matter which "workers"?
You don't decide which stockholders help the economy - stimulating the stock market is low on the priority list for fiscal policy intending to stimulate the economy. It's an indicator, not a driver.
And as far as taxes are concern, whose money is it to begin with?
Give unto Caesar what is Caesar's. Or taxes are a necessary evil, take your pick.
Give unto Caesar what is Caesar's. Or taxes are a necessary evil, take your pick. _______________________________________________________________________________________________________________________________
nice.
my favorite liberal expressions regarding taxes are those which include the word "fair."
Delusional , IF you think the size of your 457b or 401k or ira is not a "driver" in when one retires. ____________________________________________________________________________________________________________________________
the fact that retirees go out and spend that accumulated wealth into the economy is a fact that escapes our wp.
In past decades stock buybacks tended to flow back through the broader economy in the form of higher wages and investments in plants and equipment because the higher stock prices allowed companies to finance those expenditures.
But take a look at what happens recently, from around 2004 through 2015. In that decade 54% of profits went into stock buybacks, and in 2015 corporations spent $700B buying their own stock. These are not the years that most here remember as a vital growing economy. Imagine the difference if that 4% of the GDP spent in inflating stock prices had actually been invested back into the economy and provided 4% more growth.
That degree of influence tends to paper-asset bubbles and inflated share prices, at the bottom line keeping that money out of circulation in the productive economy. The huge corporate tax cut was intended to, or at least presented to, discourage that practice and encourage investments, hiring and wages. Conservatives denied that corporations would be so inclined, and now that it looks like Apple may doing just that, the narrative is changing?
Most of you should be old enough to recall that before the early 80's, the SEC prohibited those practices as stock manipulation. Higher stock prices are a good thing, good for shareholders and for stock-compensated executives. But using the corporate profits to manipulate stock, especially if it's on the tax-payers' dime, doesn't really help anyone.
52 comments:
Did Democrats cave on DACA
?
Great news that I am sure will have trump coming in KD's mouth.....LOL
Tim Cook CEO of Apple is a flaming as Liberal. So he gave each employee $2,000 in Apple Stock. Apple Stock soared.
Apple was not done. They will Repatriate $250 Billion.
ABC reports that Apple will write a $36 billion dollar check to the US Tax Payers.
That's enough to build the wall.
The Steve Jobs memorial wall. Has a nice ring.
Winning.
It does have a nice ring. Apple is just one of the Companies bring cash back to the US.
The Total goal for Repatriation is $250 Billion back into the USA, so reported Business Insider.
Well Goal Met.
Commonsense said...
That's enough to build the wall.
So you believe Mexico will never pay for the wall as promised by the idiot while US taxpayers foot the bill!!! ...Dayum you are brilliant...LOL!!!!
I'll bet there is no more skepticism now of my allegation that corporations were sitting on vast sums of cash.
It's good that Apple plans to bring some of that back into the USA, in some form or fashion. But let's temper our enthusiasm with the realization that Apple has confirmed that much of it will go into stock buybacks and dividends (another of my allegations which met with skepticism here), and that many of the jobs and "injection of money" they predict are predicated on their expectation of third parties. Developers and so on.
The good news is that Apple's horded cash will be taxed, and that is definitely due to the lowering of the tax rate. As for the rest, we'll have to wait and see.
First time Unemployment filers drop to a 45 year Low.
Crazy Trump policies.
WP, dumbass, everyone has known that US Companies had off shore earnings "parked" in more tax freindly Con tries for overy 20 years..
God son, just stop.
Rivisionist WP.
Keep going, idiot.
You didn't seem to understand the relationship between their huge cash reserves and the likelihood that they'd spend cash bonus from tax cuts on hiring and capital expansion. Nor do you seem to understand now that those holdings are not predicated merely on tax havens.
I'll tell you what, KD. I don't think that you're grasping any of the concepts that I present, and I'm mostly ignoring your ankle-biting anyway. Why don't you just give up with this attention-seeking carping?
Lol @ WP
You believe you the smartest gal in any room.
Hillary had a plan, "exit Tax". Yep add more cost to US Companies. A loser idea, by the loser.
NY Times Jan 2011 , reported that key Businesses like Apple, Microsoft, GE approached Obama with the " Tax Holiday" to bring back part of the Estimated 1.2 Trillion of shore earnings.
Obama sat on his ass, did nothing, then attacked those same Companies publicly for thier "greed".
President Trunk in a fit of loonInes acted, Billions flowing into US Economy. Building stronger companies at home.
I own a piece of 500 Companies. I want them all to buy back stock, increase share holders dividends and grow my wealth.
Some idiots are against it. All Dems in US Senate and US House are, on record no hiding it.
Anonymous wphamilton said...
I'll bet there is no more skepticism now of my allegation that corporations were sitting on vast sums of cash.
_____________________________________________________________________________________________________________________________________
don't break your own arm patting yourself on the back there chief.
we all knew that there was at least $2T of corp cash sitting on the offshore sidelines. that was, in fact, one of the main tenets of the tax reform pkg. to repatriate that $$$.
money flows to where it's treated the best, wp. whether it's on a personal and individual level, a small biz level or a corp level.
Bloomberg News
Consumer confidence rises to 17 year high.
Erasing the Lost years.
Jobless claims lowest since 1973.
Winning.
The numbnutz of Kansas posted....
Blogger KD said...
Rivisionist WP.
Keep going, idiot.
WP has more cognitive skills in his little finger than you have in your big fat pig head.....If you only had a brain....LOL
Jobless claims lowest since 1973.
So,,,,,thanx to an economy left in great shape by Obama....unlike busch's .6% growth.....LOLOOLOL
Numbnutz posted...
Anonymous wphamilton said...
I'll bet there is no more skepticism now of my allegation that corporations were sitting on vast sums of cash.
Keep going, idiot.
Obama Is Returning To Politics in 2018
Sam Schwarz 9 hrs ago
If President Donald Trump and the Republican Party were already worried about defending their majorities in the House and Senate come November, they will now have another major factor to contend with: Barack Obama.
The former president enjoyed a busy year since leaving the White House but has largely stayed under the radar. Now Obama is reportedly planning to return to the political stage in 2018, setting the stage for a prominent role in the lead up to the crucial midterm elections.
Close associates to the 44th president predict a politically active year, including campaign stops and other displays of public support. Obama will "continue to be politically active in 2018, with more endorsements and more campaigning," his spokeswoman Katie Hill told The Chicago Tribune.
The president spent part of 2017 jet-setting around the globe and making the most of some time off after eight years of non-stop scrutiny and governing, but he always maintained that he would never leave politics behind. Before leaving office, Obama vowed to remain politically relevant and work with and endorse candidates who sought to preserve his legacy and signature accomplishments.
In 2017, Obama took on President Donald Trump on multiple occasions though he seldom addressed the 45th president by name, instead saying that the Trump presidency has created "an unusual time." More specifically, Obama spoke out against Republican efforts to repeal Obamacare, advocated in favor of protections for so-called Dreamers and criticized Trump for his decision to pull out of the Paris climate agreement.
While Trump has recorded record low approval ratings for a president at the end of his first year, Obama has only become more popular in retirement with a favorability rating of over 60 percent. Near the end of 2017, Obama even polled with a higher approval rating than Trump in the ruby-red state of Alabama.
So Obama's appearance on the campaign trail should scare Trump and Republican candidates across the board. In a September poll, 52 percent of respondents to a poll said they wished that Obama were still in office. An active role by the former president in the 2018 elections is likely to further fire up an already energized Democratic base.
In 2017, Obama made just a single campaign appearance, showing up in Virginia to campaign for the ultimately victorious then-candidate Ralph Northam. In 2018, he will trump that number.
don't break your own arm patting yourself on the back there chief.
we all knew that there was at least $2T of corp cash sitting
More about pointing out how wrong several of you were, because you were rather obnoxious about it.
Do you still imagine that these corporations have been previously unable to find a way to utilize that $2T for capital purchases and business expansion? Apple is bringing it back now because there is less penalty for converting it directly to stock holders and stock prices - an eventuality that even the Republicans wanted to downplay when devising this tax break.
James Boswell of Normal, Illinois is a pedophile.
Dennis, you got lost on this thread , again.
You called WP an "idiot".
Now where will you go?
President Trump tax Law is working as written, it is killing the low IQ ilk here.
So good.
Do you still imagine that these corporations have been previously unable to find a way to utilize that $2T for capital purchases and business expansion?
Of course not, they just found a better return to purchase and expand outside the United States.
Until now.
Steve Jobs said it best when Obama begged him to start moving Apple's expansion back to the United States.
He couldn't do it as long as the corporate tax rate was as high as it was. It didn't make any fiduciary sense and would be irresponsible.
Do you still imagine that these corporations have been previously unable to find a way to utilize that $2T for capital purchases and business expansion?
___________________________________________________________________________________________________________________________________
no, they simply had no reason to expand a business into an economy that was contracting.
they had a fiduciary responsibility to their shareholders to keep their $$$ powder dry until there were indications that the economy was beginning to grow.
for chrissakes, had they tried to invest and expand under BHO, they would've been better off setting fire to the $2T in their parking lot.
same net result, just quicker.
Apple is bringing it back now because there is less penalty for converting it directly to stock holders and stock prices - an eventuality that even the Republicans wanted to downplay when devising this tax break.
and that's something that royally pisses me off. downplaying the creation of wealth like it's a bad thing. we might as well downplay the next great drug or medical breakthrough since it would save lives that would otherwise have been lost.
CEO Tim Cook a Obama Cheerleader went to him in 2015 asking the President to create the "Repatriation Rate".
Obama did nothing.
the kansan asshole again posts alternate stories that exist only in a drunks mind...
Blogger KD said...
Dennis, you got lost on this thread , again.
You called WP an "idiot".
Sure dumb fuck.....go do your pig and tell us what a great piece of ass you have!!!!! Go fuck yourself,,,,douche
CS, RRB, ETTE,CHT and I get it.
The others think like the 100 % Democrats that voted against the Trump Dividend.
and that's something that royally pisses me off. downplaying the creation of wealth like it's a bad thing.
The reason the Republicans were wary of that - to the extent of denying that it would happen - is that it's not actually creating wealth. The profits are already there, any created wealth from that money is already created. By funneling it into dividends and pumping the stock prices they aren't creating new wealth, just moving it around.
It's not an "evil" thing to do, and the stockholders may use that wealth as they see fit. But it's not the ostensible goal of the radical corporate tax cuts to see cash converted to stock prices - the idea is to induce more hiring, more investment into businesses and business expansion, capital spending, all of which does create wealth.
(wink)
Unhinged
By funneling it into dividends and pumping the stock prices they aren't creating new wealth, just moving it around.
_______________________________________________________________________________________________________________________________
oh, it's creating wealth all right. for me that is.
now i know you're going to want to get into the semantic minutiae of the term 'wealth creation.' don't bother. my definition is entirely self-serving.
now, once our economy has had a chance to hum along and actually produce to it's capabilities, i'm sure there will be a multiplier effect that's more in line with the traditional definition of wealth creation.
the idea is to induce more hiring, more investment into businesses and business expansion, capital spending, all of which does create wealth.
____________________________________________________________________________________________________________________________
precisely. now let the economy digest the tax cut and work it's way towards creating wealth the old fashioned way, by earning it.
When The Home Depot in 2017 bought back 8 Billion dollars in stock, that helped my stock holding in that Company. Wealth Created. When The Home Depot Cited the Trump Tax Law for being able to buy 16 Billion dollars in stock back. My stock holdings increase in value , Wealth Created.
When The Home Depot pays out dividends my stock holdings go up as I plow those dividends into new purchases have for 8 years.
Wealth created.
By funneling it into dividends and pumping the stock prices they aren't creating new wealth, just moving it around.
And is your argument that it was better kept in offshore accounts...
Or taxed and brought back into the American economy to whatever degree that is?
WP, is making a classic small minded liberal error. The pie is a static size.
And is your argument that it was better kept in offshore accounts...
No, why do you do that, make up arguments for other people like that?
Don't you recall from Trump's campaign, how he would go about repatriating that cash?
now i know you're going to want to get into the semantic minutiae of the term 'wealth creation.' don't bother.
Taking lessons from CH there? Making up arguments for other people?
My "definitions" are the same as the Republicans who designed the tax package. I'm fine with stimulating the economy, but I would rather not give up one red cent in taxes or debt, just to "create wealth" for a stockholder when that doesn't help the economy very much.
Just a couple of questions.
How do you decide which stockholders "help the economy" or for that matter which "workers"?
And as far as taxes are concern, whose money is it to begin with?
It's not yours to give up in first place.
Omg. Wp, your so smart.
Shareholders wealth in US Stock Market is valued at today's close at roughly $24 Trillion.
During the Clinton years it was called "The Wealth Effect".
But hell, 24 trillion held by undeserving risk takers.
How do you decide which stockholders "help the economy" or for that matter which "workers"?
You don't decide which stockholders help the economy - stimulating the stock market is low on the priority list for fiscal policy intending to stimulate the economy. It's an indicator, not a driver.
And as far as taxes are concern, whose money is it to begin with?
Give unto Caesar what is Caesar's. Or taxes are a necessary evil, take your pick.
Give unto Caesar what is Caesar's. Or taxes are a necessary evil, take your pick.
_______________________________________________________________________________________________________________________________
nice.
my favorite liberal expressions regarding taxes are those which include the word "fair."
Erasing the liberalism of Obama.
No longer is the Federal Government "picking the winners and losers".
Delusional , IF you think the size of your 457b or 401k or ira is not a "driver" in when one retires.
Delusional , IF you think the size of your 457b or 401k or ira is not a "driver" in when one retires.
____________________________________________________________________________________________________________________________
the fact that retirees go out and spend that accumulated wealth into the economy is a fact that escapes our wp.
Taking lessons from CH there? Making up arguments for other people?
taking lessons from you, wp.
do you think you're the only one with a license to troll around here?
In past decades stock buybacks tended to flow back through the broader economy in the form of higher wages and investments in plants and equipment because the higher stock prices allowed companies to finance those expenditures.
But take a look at what happens recently, from around 2004 through 2015. In that decade 54% of profits went into stock buybacks, and in 2015 corporations spent $700B buying their own stock. These are not the years that most here remember as a vital growing economy. Imagine the difference if that 4% of the GDP spent in inflating stock prices had actually been invested back into the economy and provided 4% more growth.
That degree of influence tends to paper-asset bubbles and inflated share prices, at the bottom line keeping that money out of circulation in the productive economy. The huge corporate tax cut was intended to, or at least presented to, discourage that practice and encourage investments, hiring and wages. Conservatives denied that corporations would be so inclined, and now that it looks like Apple may doing just that, the narrative is changing?
Most of you should be old enough to recall that before the early 80's, the SEC prohibited those practices as stock manipulation. Higher stock prices are a good thing, good for shareholders and for stock-compensated executives. But using the corporate profits to manipulate stock, especially if it's on the tax-payers' dime, doesn't really help anyone.
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