Apple Inc. Says it's Tax Rate of 0.00045 Percent is Fair - breitbart.com
Excerpt from this article:
"Apple Inc. is promising to appeal the European Commission’s decision that
it owes $14.5 billion in European taxes because it says the company’s
current effective tax rate of 0.00045 percent is 'fair.' That infinitesimal European tax rate saves the company from having to
pay a U.S. tax bill of $360,000 for every $1 million in profits."
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Here are a couple of excerpts from the writings of Patrick Buchanan that might cheer you up:
"Having passed historic legislation to make American factories the
fairest, cleanest, safest and finest place on earth for industrial
workers, liberals then turn around and backed free trade agreements that
say to U.S. manufacturers: "If you want to get out from under all these
liberal laws, if you want to be rid of those demanding U.S. workers and
unions, shut down your plant here, lay off your U.S. workers, move to
China, make your goods there, and export them, free of charge, back to the USA.
Pocket all the money you save and put it into executive bonuses and
laugh at us liberals on the slopes of Teluride and Vail." Day of Reckoning - How Hubris, Ideology and Greed Are Tearing America Apart, by Patrick Buchanan
"No
site better captures yesterday's America than Detroit, forge and
furnace of America's democracy. Detroit is the burned out case of
American cities. The Empire of the Sun has its revenge. Japanese imports
helped kill the city that built the weapons that destroyed the empire.
Now grandsons of the soldiers of the imperial army work at high paying
manufacturing jobs once held by the fathers of ten-dollar-an-hour
retail clerks in Macomb County.
"But why blame the
Japanese? We did it to ourselves. We Americans created a post war
trading regime, in which, over 25 years, Japan bought 400,000 American
cars while selling us 40 million Japanese cars, a ratio of 100:1. One
president after another sat still while a third of America's greatest
industry was shipped off to Japan...
"Americans no
longer make their own cameras, shoes, radios, TVs, toys. A fifth of our
steal, a third of our autos, half our machine tools, and two-thirds of
our textiles are made abroad...
"The decline and fall of Middle America was neither preordained nor inevitable. It was engineered in Washington D.C. Wages
have fallen and the standard of living of American families has
stagnated because of a basic law: the law of supply and demand. The
price of labor has been dropping because the supply of labor has
exploded...
"Having declared free trade and
open borders to be American policy, why are we surprised that corporate
executives padlocked their plants in the Rust Belt and moved over seas?
Why keep your plants here when you can manufacture at a fraction of
the cost abroad, ship your goods back, and pocket the windfall profits
that come from firing $20 an hour Americans and hiring
fifty-cent-an-hour Asians? A
pair of Nikes that sells for $150 in the United States costs $5 in
wages to make in Indonesia. Any wonder that Nike president Philip
Knight is the fifth richest man in America, with $5.2 billion, while
his Indonesian workers make 31 cents an hour?" (Emphasis mine)
The Great Betrayal: How American Sovereignty and Social Are Being Sacrificed to the Gods of the Global Economy:
Recommended reading:
This Article Explains Why Apple Makes IPhones in China and the US Is Screwed - businessinsider.com
China Threatens War if Trade in Interrupted
Patrick Buchanan: Why Trump is Routing the Free Traders - humanevents.com
