[dba-Tech] Apple's move to Ireland

[Rocky Smolin]

"One very radical thing that I would suggest is a worldwide wage-equality,"
Well, you can suggest it - it's a fine idea - but how do you implement it?
How do you enforce it?  If wishes were horses...

" it should be stopped, retroactively." another fine thought.  But the
question is not what to do but how to do it.  How do you stop it?  Again,
regardless of how we feel about business, they are the wrong target for
practical solutions.  They are not going to voluntarily give up profits
unless the playing field is level. Apple won't do it unless everyone has to
do it.

Which brings us back to legislation. There's the proper target for your
angst.

r
-----Original Message-----
From: dba-Tech [mailto:dba-tech-bounces at databaseadvisors.com] On Behalf Of
Arthur Fuller
Sent: Sunday, November 29, 2015 12:55 AM
To: Discussion of Hardware and Software issues
Subject: Re: [dba-Tech] Apple's move to Ireland

Got to call you on this one, Rocky. The notion that the purpose of a
corporation is to maximize shareholder value was created in 1974 by tow
Harvard economists. Prior to that event, the purpose of a corporation was to
maximize community value. Look it up. I am correct on this.

Being a leftist, I tend toward the former definition. But that's just me,
and I realize that. There;s no way to build automobiles in the absence of
corporations, but that is not to say that the purpose of GM and Ford and
Hyundai is to maximize profits. The purpose of these companies is to deliver
products for the minimal cost to the maximum number of people, for the least
amount of environmental footprint. Yes, this last clause I added, but that
is the new world that we inhabit, and this realization extends from coffee
to vegetables to automobiles. And we have to grow used to this new way of
regarding the planet.

One very radical thing that I would suggest is a worldwide wage-equality, so
that it becomes impossible to export jobs from America to Malaysia, so that
it makes economic sense to keep these jobs in the USA and Canada rather than
exporting them. There is an ancillary issue, which is probably tougher to
deal with: nations that offer tax-deals to foreign corporations who choose
to locate there. The ugly villain in this case would be Apple, which has
just chosen to move its HQ to Ireland, and thus escape billions of taxes
otherwise owed to USA.

This is wrong wrong wrong. You can call it the Spirit of Capitalism, but it
is wrong wrong wrong, and it should be stopped, retroactively.


On Sat, Nov 28, 2015 at 8:01 PM, Rocky Smolin <rockysmolin at bchacc.com>
wrote:

> Let's start with legislation.  The companies aren't doing anything wrong.
> Their job is to maximize shareholder value.
>
> Why would a company voluntarily choose to not take advantage of 
> something that could save them tens of millions of dollars which at 
> the same time would put them at a competitive disadvantage.
>
> The companies are the wrong targets - they're doing what they were 
> designed to do - act in the interest of the owners - just like you 
> would if you were running a bakery.
>
> The true target of your angst should be the Congress which made the 
> laws that allows these inversions.
>
> BTW - do they have the same thing going on in Canada?
>
> And are you going to sell those shares?
>
> r
>
> -----Original Message-----
> From: dba-Tech [mailto:dba-tech-bounces at databaseadvisors.com] On 
> Behalf Of Arthur Fuller
> Sent: Saturday, November 28, 2015 4:50 PM
> To: Discussion of Hardware and Software issues
> Subject: [dba-Tech] Apple's move to Ireland
>
> I own a few shares of Apple. This move to landing the company 
> off-shore to Ireland disgusts me. I'm not sure how to fix this; let's 
> start with the HQ should be based on the amount of revenue generated 
> by any given country, There are probably flaws in this simplistic 
> solution, but it's a start. A way larger solution would involve all 
> the nations coming together on a uniform tax deal so it would not 
> benefit any company moving its headquaters to somewhere else. I doubt 
> that this is going to happen, since many nations see only the 
> short-term prospects. But I remain in the hope that we can view the 
> big picture. Yes, I am naive.
>
> --
> Arthur
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--
Arthur
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