Woz is still an Apple employee. Apple, Inc. pays him a $175,000/year retainer for doing absolutely nothing.
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Steve Wozniak Says Apple Should Pay 50% Tax Rate
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Woz is still an Apple employee. Apple, Inc. pays him a $175,000/year retainer for doing absolutely nothing.
Thank you. A person or company would basically be operation 6mons out of the year to pay the government money.
You and another above made the comment about low income people. Sorry, but that doesn't matter to me, make more money. When I was poor I joined the military, used them for school and am now working on an MBA and getting paid to do it. There are options for everyone to make more money unless they are handicap in some way that prevents it. I think that, like other countries, two years of military service should be mandatory and then you get an education for free. Anyways I get the point on why a flat tax isn't the perfect scenario.
Apple would be out of business with Woz as CEO.
With Woz in charge, I bet they'd start selling real apples, and you'd buy these real apples from the Apple Stores.
Nonsense, at least he would re-focus Apple back to a tech company rather than a fashion brand.
But that's what people seem to like Apple for these days.
Have you seen the band on the new Apple watch? Probably not. I forgot you're poor. :drives off in Bugatti while listening to 90's German House bands:
De musik in ein Veyron ist gut, ja untermensch?
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You mean a new Mac Pro? Or Apples as in "No more apples in the vending machine please" ?
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Invest in what returns proceeds so poverty is solved.
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He did do the US Festival.Get off your high horse. You're a ignorant fool to be paying 50% on income. I suggest you work on loosing 50%.
Woz is a great person and I agree with him 100% that corporations should be paying a much higher tax rate considering how much of the public infrastructure they benefit from.
To those who are for corporations paying lower taxes, how exactly does a corporation paying a lower tax rate benefit you personally?
To those who are for corporations paying lower taxes, how exactly does a corporation paying a lower tax rate benefit you personally?
You are wrong because the infrastructure was already paid for long ago by gas tax payers (poor people), and FEDGOV highway bills (rich people).
BTW: You are a bot.
50% tax?
Say hello to $2,000 iPhones, $5,000 Minis and $10,000 iMacs.
Corporations don't pay taxes.
The customers who buy their products pay the taxes.
Say hello to $2,000 iPhones, $5,000 Minis and $10,000 iMacs.
Corporations don't pay taxes.
The customers who buy their products pay the taxes.
And the moment they try that would be the moment the whole company goes under.
You've either never worked for the government or with it. Your statement is incredibly naive and utopic. Lest you don't understand me money isn't the reason our health system is in a shambles and our schools suck.
For God's Sake Old Boy!!! Not unemployed. Give up his annual Apple Salary!!. Don't make me swim across the Pond.
It's less a question of "X Doesn't Work, Try Y.", so much as "X Worked Before, Why Does It Not Work Now".
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And education...you have some *public* universities charging $40,000 tuition per year. In Germany tuition is in the hundreds...and yet somehow, they're just as good. Where is all that money going?? Where is the return on your "investment"? The answer is, it's going to the 1%, in the form of low taxes. And Americans have been fooled into thinking this is somehow part of what makes America "great".
I live in the U.S. but I grew up in Canada, and it makes me sick to hear about lower middle class families here paying $400/mo. for health insurance PER PERSON, in one of the wealthiest countries in the world. Bleah, you guys have no idea how s***y your system is. Don't even get me started on the corruption of your drug companies -- do you even realize how much more they charge in the US than they do almost anywhere else?
And education...you have some *public* universities charging $40,000 tuition per year. In Germany tuition is in the hundreds...and yet somehow, they're just as good. Where is all that money going?? Where is the return on your "investment"? The answer is, it's going to the 1%, in the form of low taxes. And Americans have been fooled into thinking this is somehow part of what makes America "great".
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No, no, and no.
The school system is broken because of government involvement. The typical public school system takes ten times the money to graduate a student as the private schools spend. The students in public schools are wronged by the system that has entrapped them, and lack basic skills like critical thought. The hospital system is in crisis because of government involvement. Mountains of regulations and crony capitalism have buried it.
Great outcomes for everyone? Maybe everyone in the government. It seeks to do one thing: perpetuate itself. Just like a virus.
Woz is, like most of the social progressive darlings, completely oblivious to economic wisdom. He also has a huge heart and like most people of his kind think that the whole world sees problems the way he does. He thinks that "someone ought to do something". Thats great when the intent, money and governance comes from "someone" in the private sector, but saying that the government should grab that money from the private sector and administer it according to its own plans is brutally, unquestionably wrong.
You want those schools fixed? Want the hospitals fixed? Want great outcomes for everyone? Get government out of the way. Imagine the good that could be done in this country if Apple could repatriate that money. A couple hundred billion hitting our shores and creating jobs like the highly paid construction people building the new campus, data centers, and renewable energy plants. Imagine the domino effect as those people spread that money (or hopefully save, as savings is the true measure of societal wealth, not debt or spending) around their communities. Maybe parents could earn enough money to send their kids to decent schools and develop thinking minds, instead of being spoon-fed test filler material in those "free" public schools. Maybe people could have affordable hospital treatment like we had in the 60s prior to the feds getting involved, before the byzantine regulations and layers of meddling.
Have another example of how wrong the "government will make it better, just let them take the money from those evil mega companies" mindset is: a class action suit on behalf of thousands of Vietnam vets was brought against Monsanto and Dow Chemical. The companies settled prior to trial and hundreds of billions were awarded to the vets. The Veterans Administration stepped in and took the money in trust. From time to time they dole it out for "studies", but none of the affected vets has received any compensation. Over half the money has been used up already and these vets are dying out.
Still want the government to grab 50 percent of the money Apple has made?
Economics is not a science. It has failed miserably, time and time again, to make real predictions. You're just espousing a particular ideology.
Hundreds of millions of people around the world, living in normal, developed countries with healthy social welfare programs and high tax rates should give you a hint, but nope.
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Are you one of those conservatives who lives in an American bubble and is completely unaware of the whole, wide world out there? Most countries have better education outcomes than the U.S., and most of those have more government involvement, not less.
Oh dear lord. Logic is your friend.
Private schools = rich students from good families...families that are motivated to help out at the school, make donations, and get involved. Kids without social, economic, and family problems. They need less help to succeed, and even if your statistic is true (I have no idea), it wouldn't be surprising.
BZZZZT. Wrong. Health care is unaffordable in this country because drug companies are allowed to charge insane amounts for drugs that are much cheaper elsewhere. A middle class family is forced to spend hundreds or thousands per month on (crappy) health insurance because there is no public system. Almost every developed, enlightened country in the world has figured this out, except the US.
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What about maintenance of that infrastructure or perhaps expanding it?
How exactly are tax payers "poor people"? You do realize that people who are considered "poor" don't actually pay taxes at the federal level with a marginal tax rate.
Perhaps you should check your opinions against facts before posting them on the internets.
BTW: How exactly am I a bot?
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Actually, without subsidies, iPhones cost pretty close to $1,000. And suped up iMacs can easily go for $3,000.
Besides, even with a 50% tax rate, I agree with you that Apple passing the tax burden onto the consumers, which they already do by not paying a 50% tax rate, at the point of sale will significantly slow sales of Apple products.
