If we don't fix the income maldistribution problem, we cannot fix anything else. It doesn't just fuel political crisis, it fuels asset bubbles, reckless venture capital (in tech), gutting funding for infrastructure which fuels political polarization... https://twitter.com/mattcad/status/938878862917857281 …
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right now they can choose to pay $0 if they keep profits offshore or $78 billion if they bring them all back. with the tax bill they have to pay $31 billion no matter what
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so they're either saving $47 billion or paying $31 billion depending on one's perspective
End of conversation
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Yep. SV is totally taking and not giving & nobody will stand up to 'em because who can live without iPhones and Facebook?
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GE let go 22k... Apple buys AR companies of 6 for 40 million.:)
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Huh? The $47 billion's the difference between what Apple would pay in taxes if they brought their offshore cash onshore, and what they'll have to pay in taxes on those offshore funds under the new tax bill regardless of what they do with them.
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