About two-thirds of Apple’s $97.6 billion cash pile is offshore. That’s a massive ammount of money for an American company to keep outside of America.
It’s been a huge week for Apple with Apple’s announcement of quartly results, the company is now apparently worth more than Greece.
In the same week, the President of the United States named the late Steve Jobs and Apple in his Congressionally-mandated State of the Union address. Just a few hours later, in the GOP response to the President’s speech, Governor Mitch Daniels also named the Steve Jobs; saying “The late Steve Jobs — what a fitting name he had — created more of them than all those stimulus dollars the President borrowed and blew.”
Certainly Apple has created a lot of jobs over the years. But most of the jobs created by Apple are not American jobs, they’re sweatshop-style jobs for miserable, overworked workers in China.
According to the New York Times, Apple employs close to 43,000 people within the United States. While that’s not an small number of people. But Apple no longer builds its own devices. There was a time when Apple actually manufactured within the United States. Today, Apple products are built in China at Foxconn City. Apple has 230,000 people working to make iPhones and iPads. According to information obtained by Presidential candidate Rick Santorum Apple has more than 500,000 people building all Apple products in China. There is no figures on number of Apple employed in Apple stores worldwide.
According to the Apple earnings the company had a whopping $97.6 billion dollars in cash at the end of December. Unfortunately, about two-thirds of that money, “about $64 billion,” remained “offshore” at the end of December, according to Apple CFO Peter Oppenheimer.
I am also painfully aware of how many jobs America needs to create simply to keep up with our birthrate, not to mention all the jobs lost over the last decade.
I’d recommend to our politicians two courses of action: (1) don’t use companies that outsource nine-tenths of their workers as examples of American innovation. It’s just poor taste. And (2) consider looking — for real — at what we need to do to get those jobs (and that cash) back here to the U.S., so it’ll be put to good work for the American people.
But there is also the TAX debate. Remember Steve Jobs. He said he didn't pay enough tax. Bit rich coming from someone who kept two-thirds of his wealth in China and paid no tax and 9 out of 10 employees are Chinese in mainland China. SO who is going pay all these new taxes? Not Apple.
I’m not demanding that Apple be singled out to be taxed extra or forced Apple or anyone to bring jobs or money back home. I’m demanding that our politicians fix the situation whereby all companies who act like Apple do into want to bring that money and those jobs back home. Second, I’m demanding that our politicians stop glorifying individuals and companies that did not and are not operating according to America’s needs and goals. This week, the President and the GOP did just that, and it wasn’t right.
Instead of glorify Apple's structure, you need change the tax system so that Apple and all other companies can't avoid Tax.
It is getting hard for people to day to get clear picture of what is going on. This has been going on for long time. Steve Jobs publically called for tax system changes, along with Warren Buffett and George Soros. But privately they been squirriling cash away outside the reach of the IRS, private lobbying delays in changes to tax laws and sueing the government to obtain lengthy delays in paying unpaid taxes, all the time using privacy laws, shell companies and private equity firms to keep thier names out of the news. Not to mention these people while they care what people think of them, the people are not been given the truth by Obama.
No wonder two-thirds of Americas don't trust the government. It isn't a conspiracy when you are right. You not paranoid if it is true the government wishes to spy on private citizens without probable cause.
Apple doesn't get named by "occupy wall street movement". Yet Apple is by far the worst (non bank) company in America. If you notice they all got ipods and iphones. Apple grants to organisations Macbooks, iPhones and discounts on range of products.
To me to occupy movement is about extortion. Give me or I protest agaisnt you. Apple has bought Obama. GOP core policies make it such they will not go against most US companies. Apple could hire North Koreans as far as Congress is concerned.
But mainstream America is sick of them both. But mainstream doesn't side with either party. No other movement has the numbers to take over yet. GOP is more likely to be pushed aside than Democrats because of the ties to the wealthiest Americans as well as money from Europe and China. Plus Democrats got the unions and university elistist movements.
Only hope for GOP is find a way to appeal to 60% of Americans. Democrats hold 42$ according to polls and GOP only 38%, rest undecided.
It’s been a huge week for Apple with Apple’s announcement of quartly results, the company is now apparently worth more than Greece.
In the same week, the President of the United States named the late Steve Jobs and Apple in his Congressionally-mandated State of the Union address. Just a few hours later, in the GOP response to the President’s speech, Governor Mitch Daniels also named the Steve Jobs; saying “The late Steve Jobs — what a fitting name he had — created more of them than all those stimulus dollars the President borrowed and blew.”
Certainly Apple has created a lot of jobs over the years. But most of the jobs created by Apple are not American jobs, they’re sweatshop-style jobs for miserable, overworked workers in China.
According to the New York Times, Apple employs close to 43,000 people within the United States. While that’s not an small number of people. But Apple no longer builds its own devices. There was a time when Apple actually manufactured within the United States. Today, Apple products are built in China at Foxconn City. Apple has 230,000 people working to make iPhones and iPads. According to information obtained by Presidential candidate Rick Santorum Apple has more than 500,000 people building all Apple products in China. There is no figures on number of Apple employed in Apple stores worldwide.
According to the Apple earnings the company had a whopping $97.6 billion dollars in cash at the end of December. Unfortunately, about two-thirds of that money, “about $64 billion,” remained “offshore” at the end of December, according to Apple CFO Peter Oppenheimer.
I am also painfully aware of how many jobs America needs to create simply to keep up with our birthrate, not to mention all the jobs lost over the last decade.
I’d recommend to our politicians two courses of action: (1) don’t use companies that outsource nine-tenths of their workers as examples of American innovation. It’s just poor taste. And (2) consider looking — for real — at what we need to do to get those jobs (and that cash) back here to the U.S., so it’ll be put to good work for the American people.
But there is also the TAX debate. Remember Steve Jobs. He said he didn't pay enough tax. Bit rich coming from someone who kept two-thirds of his wealth in China and paid no tax and 9 out of 10 employees are Chinese in mainland China. SO who is going pay all these new taxes? Not Apple.
I’m not demanding that Apple be singled out to be taxed extra or forced Apple or anyone to bring jobs or money back home. I’m demanding that our politicians fix the situation whereby all companies who act like Apple do into want to bring that money and those jobs back home. Second, I’m demanding that our politicians stop glorifying individuals and companies that did not and are not operating according to America’s needs and goals. This week, the President and the GOP did just that, and it wasn’t right.
Instead of glorify Apple's structure, you need change the tax system so that Apple and all other companies can't avoid Tax.
It is getting hard for people to day to get clear picture of what is going on. This has been going on for long time. Steve Jobs publically called for tax system changes, along with Warren Buffett and George Soros. But privately they been squirriling cash away outside the reach of the IRS, private lobbying delays in changes to tax laws and sueing the government to obtain lengthy delays in paying unpaid taxes, all the time using privacy laws, shell companies and private equity firms to keep thier names out of the news. Not to mention these people while they care what people think of them, the people are not been given the truth by Obama.
No wonder two-thirds of Americas don't trust the government. It isn't a conspiracy when you are right. You not paranoid if it is true the government wishes to spy on private citizens without probable cause.
Apple doesn't get named by "occupy wall street movement". Yet Apple is by far the worst (non bank) company in America. If you notice they all got ipods and iphones. Apple grants to organisations Macbooks, iPhones and discounts on range of products.
To me to occupy movement is about extortion. Give me or I protest agaisnt you. Apple has bought Obama. GOP core policies make it such they will not go against most US companies. Apple could hire North Koreans as far as Congress is concerned.
But mainstream America is sick of them both. But mainstream doesn't side with either party. No other movement has the numbers to take over yet. GOP is more likely to be pushed aside than Democrats because of the ties to the wealthiest Americans as well as money from Europe and China. Plus Democrats got the unions and university elistist movements.
Only hope for GOP is find a way to appeal to 60% of Americans. Democrats hold 42$ according to polls and GOP only 38%, rest undecided.