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Apple has been enjoying record profits and needed no incentive to expand and make more money.
But if Republicans wanted the government to spur the economy on by giving incentives/handouts/tax cuts to corporations enjoying record profits -- why didn't they say so.
I thought Republicans were about smaller govt.
Make no mistake the tax cut is the exact same thing as a 'bail out' except none of these companies needed bailing out -- they all have been thriving....and are happy to say tax cuts (more more more) will make them spend money. What we don't have is Apple's expansion plans before the tax cuts and then there tax cuts.
Saw the interview with the slimey Tim Cook. He said perhaps some of the stuff announced today was because of the tax cuts but there much that was always going to happen. No he didn't outline specifically what the tax cut impact was.......but of course he loves it.
Who knew -- corporations love getting tax cuts and pretend all their expansion are because of these tax cuts. Fuel for more tax cuts don't you think.
$1000 - $2500 is a lot of money considering 60% of Americans have less than $1000 in their savings account.
But haters gonna hate.
If history is any guide that one time windfall will be a shot load in a matter of several weeks if not less. Little to nil of it will be saved, which depending upon which side of the economic fence one sits can be a good thing.
However again once that money is gone, what then? So you pay your mortgage/rent, get caught up on a few bills or whatever, after the money is gone then what? You are still back working for the same wages as you were before.
There's a not-very-subtle difference between investing 350 billion and "contributing $350 billion to the US economy". The latter is weasel word meaning not a thing, and it's the latter term that Apple used.
Because Americans (in terms of education and work ethic) are all show and no meat. Poor educational standards but have the highest expectations for pay and company.
It's not about the number of hours you work, it's about how smart you work. That seems to be the problem people have in changing their attitude towards education and work in general.
I don't disagree with you there... a lot of Americans, especially young people, have completely unrealistic expectations about pay versus their education/experience level.
But that doesn't mean the news from Apple is bad news.
Keep telling yourself that Trump will be impeached. Go for it. Whatever helps you cope.
and you keep pretending Repubs will hold their seats, in fact don't even bother going to the polls, because in your heart you just know you can't lose, so no need to even vote, just stay home and enjoy the show..
Once again, do none of you understand basic math and economics?
Yes, a bonus is better than nothing, but even at $2500 still amounts to several dollars per week. Hardly anything to open a bottle of champagne over.
Bonuses are one shot deals; you cannot buy a home or base any sound future financially upon them because after that load is shot, you don't know if or when another will appear.
The idea of this tax reform was to spur an *INCREASE* in wages. That so far has largely not happened.
Even a two to three percent permanent raise in wage is better than a bonus of only several thousand.
48$ per week to be exact.
I guess you can call that "several"
The tax bill has been passed for barely 3 weeks.
The wage growth numbers will be seen in Q1 reports.
If history is any guide that one time windfall will be a shot load in a matter of several weeks if not less. Little to nil of it will be saved, which depending upon which side of the economic fence one sits can be a good thing.
However again once that money is gone, what then? So you pay your mortgage/rent, get caught up on a few bills or whatever, after the money is gone then what? You are still back working for the same wages as you were before.
OTOH, $100 a month doesn't really help either. That helps maybe with groceries/gas, or going out to eat twice a month.
$2500 all at once can be a lot...it depends what kind of financial situation you are in. If your situation is less fortunate, paying off bills is a huge weight off your shoulders.
It can be a nice vacation for a family of 4. It can be saved up towards a down payment on a house. It can help pay college tuition. Shoot, my husband is selling his 1998 BMW 528 for $2500, so it can even buy a car.
How all that money reverberates around the economy could be impactful:
I am reminded of the famous line from "Hello, Dolly".... "Money, pardon the expression, is like manure. It's not worth a thing unless it's spread around, encouraging young things to grow."
OTOH, $100 a month doesn't really help either. That helps maybe with groceries/gas, or going out to eat twice a month.
$2500 all at once can be a lot...it depends what kind of financial situation you are in. If your situation is less fortunate, paying off bills is a huge weight off your shoulders.
It can be a nice vacation for a family of 4. It can be saved up towards a down payment on a house. It can help pay college tuition. Shoot, my husband is selling his 1998 BMW 528 for $2500, so it can even buy a car.
How all that money reverberates around the economy could be impactful:
I am reminded of the famous line from "Hello, Dolly".... "Money, pardon the expression, is like manure. It's not worth a thing unless it's spread around, encouraging young things to grow."
Lots of "can", "could", and so forth in there....
Again statistically it is proven most wage earners on average will shoot through any bonus given within a few months. Then they are back to square one.
Paying off debts works well only if you do not incur more, which rarely happens.
As for your comment regarding the "extra $100", you do realize that for many things it is what you earn or have for a given period that matters. Applying for any sort of credit asks first for your annual household income, then any "extra" sources. If you are a person whose income is largely derived from bonus payments and or other not regular payments your credit application may be viewed differently.
Finally often future employment wage packages are based upon current earnings.
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