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Xyzse

(8,217 posts)
Mon Sep 23, 2013, 02:12 PM Sep 2013

Apple Didn't Build Your iPhone, Your Taxes Did -(Article Title)-

Last edited Mon Sep 23, 2013, 02:53 PM - Edit history (1)

I enjoyed this article and thought it an interesting point in regards to what drives GDP and job movement.

http://www.pbs.org/newshour/businessdesk/2013/09/the-entrepreneurial-state-appl.html

'The Entrepreneurial State': Apple Didn't Build Your iPhone; Your Taxes Did

By Mariana Mazzucato

The key question is simple: what causes GDP growth? And the answer from economists is that, at the very least, spending on education, human capital, and research are tightly related to it. Indeed, Robert Solow, who won the Nobel Prize in Economics in 1987, found that close to 90 percent of growth is not explained by the usual suspects, capital and labor. They account for only 10 percent. So Solow called the unaccounted-for 90 percent the "residual." And what drove the residual? It had to be technology. And how is technology fostered? More often than not, down through history, by government investment, from the roads of ancient Rome to the Internet of modern America.


Indeed, when Pfizer recently closed down a large R&D lab in Sandwich, Kent, and transferred it to Boston, Massachusetts, it was not due to the lower taxes or laxer regulation for which industry is constantly lobbying. They moved because of the large amounts of money that the National Institutes of Health (NIH) has been spending on research and the mission of improved health care in the United States: $792 billion from 1936-2011 (in 2011 dollars), with $30.9 billion in 2012 alone.


My apologies if this is the wrong place to put it, but, I just thought it was decent in explaining how our current strategy of just dealing with the deficit is not the best area to concentrate on.
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Apple Didn't Build Your iPhone, Your Taxes Did -(Article Title)- (Original Post) Xyzse Sep 2013 OP
And Apple is overall avoiding paying its fair share of US taxes... Historic NY Sep 2013 #1
I agree with this too Xyzse Sep 2013 #3
But we are told by the Apple shills that it's perfectly legal Dreamer Tatum Sep 2013 #5
It is perfectly legal with this tax system Xyzse Sep 2013 #6
Because $600/phone isn't prohibitive enough? dkf Sep 2013 #9
True, some of our tax money built those phones Rex Sep 2013 #2
I agree, Xyzse Sep 2013 #4
You are a kind person for using the word 'frustrating'. Rex Sep 2013 #10
Love that thread title!! JEFF9K Sep 2013 #7
Neither one would have gotten us this far on its own dkf Sep 2013 #8

Historic NY

(37,453 posts)
1. And Apple is overall avoiding paying its fair share of US taxes...
Mon Sep 23, 2013, 02:44 PM
Sep 2013

Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found.

The company has made clear that given current U.S. tax rates, it has no intention of repatriating its overseas profits to the U.S.

http://www.stltoday.com/business/local/panel-apple-uses-firms-outside-us-to-avoid-taxes/article_4435390d-3ad2-59c2-b8c3-9baa7691a250.html


Every one sold here should came with a hefty import surcharge.

Xyzse

(8,217 posts)
6. It is perfectly legal with this tax system
Mon Sep 23, 2013, 02:49 PM
Sep 2013

But I don't agree that it is fine or ethically correct.
Though this goes for more than just Apple, I feel this way in regards most companies, from GE to anything else.

Except Maglite. I like Maglite.

 

Rex

(65,616 posts)
2. True, some of our tax money built those phones
Mon Sep 23, 2013, 02:45 PM
Sep 2013

but that could be said for most any corporation living on corporate welfare.

Xyzse

(8,217 posts)
4. I agree,
Mon Sep 23, 2013, 02:47 PM
Sep 2013

Though I am mostly concentrating on where they should concentrate their efforts are in regards to jobs and the economy.

The current attention to the deficit is frustrating.

 

Rex

(65,616 posts)
10. You are a kind person for using the word 'frustrating'.
Mon Sep 23, 2013, 02:53 PM
Sep 2013

I can think of another f word to describe their lack of attention. I've completely given up on Congress. The don't seem to want to keep the country working on a daily basis.

 

dkf

(37,305 posts)
8. Neither one would have gotten us this far on its own
Mon Sep 23, 2013, 02:50 PM
Sep 2013

Why would government have wanted to develop an iPhone so I could read DU and play games? Really they could care less. That would never be their priority and I wouldn't expect it to be.

It's not like they are so interested in transparency that my phone makes it easy to oversee the government.

My iPhone furthers nothing that the government thinks is necessary.

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