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Paul Buchheit reports via Common Dreams
An emotional response to any criticism of the Apple Corporation might be anticipated from the users of the company's powerful, practical, popular, and entertaining devices. Accolades to the company and a healthy profit are certainly well-deserved. But much-despised should be the theft from taxpayers and the exploitation of workers and customers, all cloaked within the image of an organization that seems to work magic on our behalf.
1. Apple Took Years of Public Research, Integrated the Results, and Packaged it as Their Own
2. Even After Taking Our Research, Apple Does Everything in its Power to Avoid Taxes
3. Overcharging Customers
The manufacturing cost of a 16 GB iPhone 6 is about $200, and with marketing it comes to about $288. But without an expensive phone contract with Verizon, AT&T, or one of the other wireless carriers, the cost to the customer is at least $650.
4. Underpaying and Mistreating Employees
5. Apple Has Figured Out How to Spend Most of its Untaxed Money on Itself
Apple's View:
The tax-avoiding, research-appropriating, cost-escalating, wage-minimizing, self-enriching Apple Corporation has, according to CEO Tim Cook,[1] a very strong moral compass.
[1] Link in article redirects.
(Score: 2) by frojack on Wednesday May 20 2015, @07:22PM
I'm not responsible for your lack of education son.
Go read this article http://www.theregister.co.uk/2015/05/17/why_do_we_bail_banks_out/ [theregister.co.uk]
It gives a workable description of how banks actually work.
You were expected to know this stuff in order to graduate from the 7th grade.
No, you are mistaken. I've always had this sig.
(Score: 2) by gnuman on Wednesday May 20 2015, @08:23PM
And you, son, should know the difference between a bank and Apple. Also,
http://www.cnbc.com/id/101354173 [cnbc.com]
Global companies sitting on $7 trillion cash, double 2003
which means this cash hoarding is not unique to Apple. By sitting on *excess* cash, companies do a disservice to themselves and society in general.
(Score: 2) by frojack on Wednesday May 20 2015, @11:31PM
And WHERE does apple keep its cash?
Why, its in BANKS. Imagine that. In Banks, earning interest. And being loaned out to other patrons.
Are you intentionally being dense? Did you seriously think the phrase "sitting on cash" meant they hire people to sit on stacks of 100 dollar bills?
No, you are mistaken. I've always had this sig.