It's not your money

When Will Big Tech Pay Its Fair Share? - Duhigg & Kocieniewski, NY Times

 

 

“the majority of Apple’s executives, product designers, marketers, employees, research and development, and retail stores are in the United States. Tax experts say it is therefore reasonable to expect that most of Apple’s profits would be American as well. The nation’s tax code is based on the concept that a company “earns” income where value is created, rather than where products are sold.”

 

So, would California rather the company moved all of its executives overseas? What value the state of California bring to the earning of Apple profits? What value does the US have to Apple profits. Maybe the state and the country needs to think of itself as the bedroom portion of the house, with the action going on elsewhere.

 

Also, is this a first where the liberals are recognizing the value of the management?

 

“Such lost revenue is one reason California now faces a budget crisis, with a shortfall of more than $9.2 billion in the coming fiscal year alone. The state has cut some health care programs, significantly raised tuition at state universities, cut services to the disabled and proposed a $4.8 billion reduction in spending on kindergarten and other grades. ”

No, California has too high of a tax rate and spends too much. They should privatize the universities, and cut lose the teachers unions (that is quite aiding in their ripping off of the teachers and the state.).

Finally, what busines is this of the New York Times?