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Apple to repatriate billions. Invest $350 billion. Create 20,000 jobs. All credit goes to Trump.

By Strategist following x   2018 Jan 17, 11:54am 2,280 views   39 comments   watch   sfw   quote     share    


#economy

https://www.cnbc.com/2018/01/17/apple-announces-350-billion-investment-20k-jobs-over-5-years.html Apple announces plans to repatriate billions in overseas cash, says it will contribute $350 billion to the US economy over the next 5 years
Apple says the new tax law will help it will contribute $350 billion to the U.S. economy over the next five years.
It says it will create 20,000 new jobs and open a new campus.
Apple expects to pay about $38 billion in taxes for the horde of cash it plans to bring back to the United States.
1   Strategist   ignore (1)   2018 Jan 17, 11:55am   ↑ like (5)   ↓ dislike (1)   quote        

100% of the credit goes to Trump. No way Obama could have done it.
3   socal2   ignore (0)   2018 Jan 17, 12:04pm   ↑ like (3)   ↓ dislike (1)   quote        

I love this video of all these smuggly ignorant media types and politicians all claiming it is crazy to think Corporations would use these tax savings to reinvest in our economy.
4   Strategist   ignore (1)   2018 Jan 17, 12:12pm   ↑ like (0)   ↓ dislike (0)   quote        

socal2 says
I love this video of all these smuggly ignorant media types and politicians all claiming it is crazy to think Corporations would use these tax savings to reinvest in our economy.



Those experts must feel real real stupid. ROFL
We are in for one of the greatest booms in American history. There is no stopping it.
5   zzyzzx   ignore (1)   2018 Jan 17, 12:14pm   ↑ like (1)   ↓ dislike (0)   quote        

Let the media speculation begin with respect to where Apple will put it's HQ2,
6   zzyzzx   ignore (1)   2018 Jan 17, 12:15pm   ↑ like (4)   ↓ dislike (0)   quote        

Strategist says
Apple expects to pay about $38 billion in taxes for the horde of cash it plans to bring back to the United States.


More than enough to build a wall!
7   TwoScoopsOfWompWomp   ignore (2)   2018 Jan 17, 12:18pm   ↑ like (2)   ↓ dislike (0)   quote        

That's the NASA Budget two times over. Thanks Mr. President!
8   bob2356   ignore (1)   2018 Jan 17, 12:31pm   ↑ like (1)   ↓ dislike (3)   quote        

Strategist says
pple announces plans to repatriate billions in overseas cash, says it will contribute $350 billion to the US economy over the next 5 years


Interesting math that Apple only has 250 billion overseas but are going to contribute 350 billion to the US economy. How does that work exactly?
9   DASKAA   ignore (3)   2018 Jan 17, 12:38pm   ↑ like (2)   ↓ dislike (0)   quote        

bob2356 says

Interesting math that Apple only has 250 billion overseas but are going to contribute 350 billion to the US economy. How does that work exactly?


They said "over the next 5 years". It's not like Apple won't earn any money overseas over the next 5 years...
10   Strategist   ignore (1)   2018 Jan 17, 12:39pm   ↑ like (0)   ↓ dislike (0)   quote        

bob2356 says
Strategist says
pple announces plans to repatriate billions in overseas cash, says it will contribute $350 billion to the US economy over the next 5 years


Interesting math that Apple only has 250 billion overseas but are going to contribute 350 billion to the US economy. How does that work exactly?


$250 billion + future 5 year profits = $350 billion.
They could also borrow if they so desire.
11   APOCALYPSEFUCKisShostikovitch   ignore (32)   2018 Jan 17, 12:51pm   ↑ like (3)   ↓ dislike (1)   quote        

This will be an unqualified success, and will net billions per redirected dollar, exactly like the Carrier and Ford press releases did!

If you don't believe, you hate AMERICA! and need to FUCKING! DIE!

MAGA!

MAGA!

MAGA!
12   socal2   ignore (0)   2018 Jan 17, 1:40pm   ↑ like (2)   ↓ dislike (2)   quote        

Strategist says
Those experts must feel real real stupid. ROFL


Don't count on it. These Progressives live in such an echo chamber they are incapable of any introspection or shame. That's why they have moved on and are now losing their shit over shithole comments or Trump's physical fitness.

Just amazing listening to all the cocksure stridency of the people on the video "Do you live in a fantasy land"!
13   socal2   ignore (0)   2018 Jan 17, 1:42pm   ↑ like (1)   ↓ dislike (1)   quote        

APOCALYPSEFUCKisShostikovitch says
This will be an unqualified success, and will net billions per redirected dollar, exactly like the Carrier and Ford press releases did!

If you don't believe, you hate AMERICA! and need to FUCKING! DIE!


Believe it. There are over 200 Corporations (and counting) that have already raised wages and handed out bonuses citing the passage of the tax reform bill.

That's already happened.
14   HeadSet   ignore (1)   2018 Jan 17, 3:05pm   ↑ like (1)   ↓ dislike (0)   quote        

Next Chuck/Nancy/CNN call for investigation:

Special Council needed to probe COLLUSION between Trump and over 200 companies bribed by tax cut.
15   anonymous   ignore (null)   2018 Jan 17, 5:27pm   ↑ like (0)   ↓ dislike (1)   quote        

Obama or Hilary would have done the same thing, but WITHOUT scamming the middle classs.
16   anonymous   ignore (null)   2018 Jan 17, 5:27pm   ↑ like (0)   ↓ dislike (1)   quote        

Buy FUX (fake) news and fire all those liars and bullshitters.
17   anonymous   ignore (null)   2018 Jan 17, 5:28pm   ↑ like (4)   ↓ dislike (1)   quote        

Giving out 10% of tax saving ONE TIME and keeping 90% is supposed to be a great deal for the working man? Stupid trump supporters.

Just pretend this doesn’t come from the deficit which will have to be paid by their children’s and grandchildren.
18   APOCALYPSEFUCKisShostikovitch   ignore (32)   2018 Jan 17, 5:33pm   ↑ like (2)   ↓ dislike (0)   quote        

socal2 says

That's already happened.


The press release said so, so it's exactly as if GOD! made it happen.

Exactly like the Ford and Carrier press releases.

When Trump talks or a press release speaking for HIM! says something, it is the voice and truth of GOD!

That's why it's important to believe every press release you read on the Internet!

It's how GOD! speaks to mortals!
19   socal2   ignore (0)   2018 Jan 17, 5:38pm   ↑ like (2)   ↓ dislike (1)   quote        

APOCALYPSEFUCKisShostikovitch says
The press release said so, so it's exactly as if GOD! made it happen.


OK, 200+ massive firms like Apple, American Airlines, Waste Management....... are all lying and are going to renege those bonuses and pay raises they publicly announced with great fanfare?
20   socal2   ignore (0)   2018 Jan 17, 5:48pm   ↑ like (1)   ↓ dislike (0)   quote        

anon_ee4d1 says
Giving out 10% of tax saving ONE TIME and keeping 90% is supposed to be a great deal for the working man? Stupid trump supporters.


Did you see that many of these firms are also raising their minimum wage and increasing benefits.......let alone hiring new employees?

This is a bad thing somehow?


anon_ee4d1 says
Just pretend this doesn’t come from the deficit which will have to be paid by their children’s and grandchildren.


Agreed that the deficit is a problem. How about we spend the remaining 3 years of the Trump administration focusing on SPENDING and reforming our government and entitlement systems? Are we to really believe our government is firing on all cylinders with no efficiencies to be found? Are we to really believe that our major entitlements don't need massive reform..........or do you really think we can just raise taxes more to cover everything?
21   Heraclitusstudent   ignore (1)   2018 Jan 17, 5:58pm   ↑ like (0)   ↓ dislike (1)   quote        

They say 16B capex this year. Possible but not so huge at Apple scale.

22   Heraclitusstudent   ignore (1)   2018 Jan 17, 6:01pm   ↑ like (1)   ↓ dislike (3)   quote        

They are talking of 20,000 new jobs. x 200K that's $4 billions.
The rest is bonuses for execs.
23   APOCALYPSEFUCKisShostikovitch   ignore (32)   2018 Jan 17, 6:13pm   ↑ like (1)   ↓ dislike (0)   quote        

socal2 says
and are going to renege those bonuses and pay raises they publicly announced with great fanfare?


Of course not!

That's never happened!

The only believable people in the world regarding humane treatment of employees is Walmart!
24   socal2   ignore (0)   2018 Jan 17, 7:10pm   ↑ like (1)   ↓ dislike (0)   quote        

Heraclitusstudent says
They are talking of 20,000 new jobs. x 200K that's $4 billions.
The rest is bonuses for execs.


So that means $4 billion EACH YEAR just in new hires, another $1.5 billion in benefits EACH YEAR, then more money spent on building the new campus, and probably some acquisitions of new tech. The money left over will probably be spent on executives and maybe some of the 120,000+ Apple employees. Maybe some will be stuffed in mattresses too?
25   Strategist   ignore (1)   2018 Jan 17, 7:20pm   ↑ like (1)   ↓ dislike (0)   quote        

socal2 says
So that means $4 billion EACH YEAR just in new hires, another $1.5 billion in benefits EACH YEAR, then more money spent on building the new campus, and probably some acquisitions of new tech. The money left over will probably be spent on executives and maybe some of the 120,000+ Apple employees. Maybe some will be stuffed in mattresses too?


They will be spending massive amounts on factories, R&D, acquisitions, new campus, etc
The jobs created by other companies that Apple works with will be incredible.
$350 billion is more than the GDP of most countries.
26   HeadSet   ignore (1)   2018 Jan 17, 7:47pm   ↑ like (2)   ↓ dislike (0)   quote        

ABC News interview with Apple CEO Tim Cook
27   anonymous   ignore (null)   2018 Jan 18, 7:40am   ↑ like (0)   ↓ dislike (0)   quote        

socal2 says
Believe it. There are over 200 Corporations (and counting) that have already raised wages and handed out bonuses citing the passage of the tax reform bill.

That's already happened.


wow, over 200 corporations out of 1.7 million c corps and 7.4 million s corps. That's impressive.
28   Heraclitusstudent   ignore (1)   2018 Jan 18, 10:36am   ↑ like (2)   ↓ dislike (1)   quote        

Apple Inc. announced a series of plans Wednesday that were celebrated as promises to hire thousands of workers and bring home all of its overseas cash.

Well, not necessarily.

Apple AAPL, +0.28% said in its release that the company planned to “create over 20,000 new jobs through hiring at existing campuses and opening a new one.” The key word there is “create,” which Apple really likes to use when discussing jobs: The company even has a portion of its website dedicated to “job creation” that claims it is “responsible for 2 million jobs” in the United States, most of which are jobs “attributable to the App Store ecosystem.”

https://www.marketwatch.com/story/apple-didnt-say-it-was-hiring-20000-new-workers-nor-bringing-back-its-overseas-cash-2018-01-17?siteid=yhoof2&yptr=yahoo
29   anonymous   ignore (null)   2018 Jan 18, 10:42am   ↑ like (1)   ↓ dislike (1)   quote        

"Let me be clear, there are large parts of this that are a result of the tax reform, and there's large parts of this that we would have done in any situation," Cook said.

So this was all planned prior to the tax reform. Except for repatriation of all that cash to pay big, juicy executives bonuses
30   mell   ignore (2)   2018 Jan 18, 10:53am   ↑ like (2)   ↓ dislike (0)   quote        

Can't stop the winning! This tax reform will turn out as one of the biggest boons to the economy. MAGA!
31   HEYYOU   ignore (16)   2018 Jan 18, 12:18pm   ↑ like (0)   ↓ dislike (0)   quote        

"Corporations are people"! So this "people" won't have to pay taxes on income for years & then get a big tax break in a few years.
Stupid working people think this crap is great while they have had to pay taxes over this same period.

How many working bums will get bonuses & new higher paying jobs?
32   CovfefeButDeadly   ignore (4)   2018 Jan 18, 1:00pm   ↑ like (2)   ↓ dislike (0)   quote        

Evidence of how much the economy improved:
https://www.google.com/amp/s/www.dailywire.com/news/25952/report-trumps-support-among-blacks-doubles-despite-ryan-saavedra%3famp
IF Trump were to get 15% of the black vote, that would be higher for a Republican candidate than any other time in my life
33   anonymous   ignore (null)   2018 Jan 18, 3:31pm   ↑ like (1)   ↓ dislike (0)   quote        

CovfefeButDeadly says
Evidence of how much the economy improved:
https://www.google.com/amp/s/www.dailywire.com/news/25952/report-trumps-support-among-blacks-doubles-despite-ryan-saavedra%3famp
IF Trump were to get 15% of the black vote, that would be higher for a Republican candidate than any other time in my life


From that link:

Exit polls from the 2016 presidential election show that only 4% of black women voted for Trump while 13% of black men voted for him, according to CNN.

Broken down by gender, Trump's support from black women has nearly tripled from 4% to 11%, while his support from black men has nearly doubled from 13% to 23%.
34   CovfefeButDeadly   ignore (4)   2018 Jan 18, 3:53pm   ↑ like (1)   ↓ dislike (0)   quote        

anon_ee4d1 says
Giving out 10% of tax saving ONE TIME and keeping 90% is supposed to be a great deal for the working man? Stupid trump supporters.

Just pretend this doesn’t come from the deficit which will have to be paid by their children’s and grandchildren.


If this were REALLY a potential outcome, the Democrats would stridently support measures to keep illegals out of the US and deport the ones currently here. A low supply of workers can only result in increased wages. Somehow I don't believe Democrats really care if joe blow makes $5 an hour or $25 an hour.
35   anonymous   ignore (null)   2018 Jan 18, 5:07pm   ↑ like (2)   ↓ dislike (0)   quote        

errc says
So this was all planned prior to the tax reform.


Nope

Tim Cook tells Cramer: New tax law helped pave the way for Apple’s massive investment plan.

The new tax law helped paved the way for much of Apple's plan to contribute $350 billion to the U.S. economy, Apple CEO Tim Cook tells Cramer.

After the tax bill's passage, Cook believes there's plenty of money to go around, according to Cramer.

The new tax law helped paved the way for much of Apple's plan to contribute $350 billion to the U.S. economy, Apple CEO Tim Cook told CNBC's Jim Cramer.

Cramer noted that Cook has been pushing for reforms like this for some time. Reflecting on Cook's comments, Cramer said Thursday that he felt the Apple CEO was reaffirming "the idea that this is a new regime, and certainly there's lots of money to go around."

https://www.cnbc.com/2018/01/18/cook-to-cramer-new-tax-law-helped-pave-way-for-apples-investment-plan.html
36   APOCALYPSEFUCKisShostikovitch   ignore (32)   2018 Jan 18, 6:03pm   ↑ like (1)   ↓ dislike (0)   quote        

This is called 'Pet the Psycho' by cops and hospital orderlies, a routine of cajoling and distracting the maniac while back up arrives.
37   Strategist   ignore (1)   2018 Jan 18, 6:52pm   ↑ like (0)   ↓ dislike (0)   quote        

errc says
"Let me be clear, there are large parts of this that are a result of the tax reform, and there's large parts of this that we would have done in any situation," Cook said.

So this was all planned prior to the tax reform. Except for repatriation of all that cash to pay big, juicy executives bonuses


I'm sure that is right. With sales growing, Apple would have invested and created more jobs. However, with the repatriation of all those billions, Apple will be creating even more jobs, not to speak of the $38 billion check they will be sending to the treasury.
I don't understand why you guys refuse to acknowledge this is a good thing? What good is blind political loyalty when you cannot accept the good Trump is doing?
It's best to be an independent like me and tell it like it is.
38   Strategist   ignore (1)   2018 Jan 18, 6:54pm   ↑ like (0)   ↓ dislike (0)   quote        

HEYYOU says

How many working bums will get bonuses & new higher paying jobs?


LOL. Hopefully none. Bums don't work.
39   Strategist   ignore (1)   2018 Jan 18, 6:58pm   ↑ like (3)   ↓ dislike (0)   quote        

anon_d58f8 says

Exit polls from the 2016 presidential election show that only 4% of black women voted for Trump while 13% of black men voted for him, according to CNN.

Broken down by gender, Trump's support from black women has nearly tripled from 4% to 11%, while his support from black men has nearly doubled from 13% to 23%.


Looks like Trump is doing better for the Blacks, than Obama. The secret lies in capitalism, not socialism.




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