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Topic: Eric Schmidt: "I'm proud of our tax avoidance scheme...it's called capitalism" - page 3. (Read 4560 times)

newbie
Activity: 56
Merit: 0
Yes is does, the nation you live in matters.  If you don't care about it at all then your a poor example of its citizenry.   I am American and I care about the general welfare of other Americans.   I also disagree with our current policies and I do what I can not to give me consent to it.  But I am still American and care about its people.   I also care about other nations and hope they feel the same way about their nation as well.  Under those terms I hope we can continually finds ways to peacefully works together and trade.

I guess we just have different values. I care about the human race no matter where they come from, not just some group of people living in some imaginary boundaries. Of course I care about the general welfare of my neighbor, someone I know, more than someone in Asia that I do not know. I can't really say that I care about the general welfare of someone I don't know living in California more so than someone I don't know living in the EU. They are both human.

From an economic perspective the poorest people in America are richer than the middle class/richest people in many other countries. So, if you think time/money will help educate/clothe/feed people in poorer countries, then every $1/minute you spend helping the poor in other countries will give those people a lot more value than it would if you spent the money/time on poor people in the USA. So in effect you are helping the human race more.

Brilliantly true. Also congrats on the new biz.
hero member
Activity: 519
Merit: 501
:|: AmagiMetals :|: AnthemGold :|: HERC :|:
Yes is does, the nation you live in matters.  If you don't care about it at all then your a poor example of its citizenry.   I am American and I care about the general welfare of other Americans.   I also disagree with our current policies and I do what I can not to give me consent to it.  But I am still American and care about its people.   I also care about other nations and hope they feel the same way about their nation as well.  Under those terms I hope we can continually finds ways to peacefully works together and trade.

I guess we just have different values. I care about the human race no matter where they come from, not just some group of people living in some imaginary boundaries. Of course I care about the general welfare of my neighbor, someone I know, more than someone in Asia that I do not know. I can't really say that I care about the general welfare of someone I don't know living in California more so than someone I don't know living in the EU. They are both human.

From an economic perspective the poorest people in America are richer than the middle class/richest people in many other countries. So, if you think time/money will help educate/clothe/feed people in poorer countries, then every $1/minute you spend helping the poor in other countries will give those people a lot more value than it would if you spent the money/time on poor people in the USA. So in effect you are helping the human race more.
legendary
Activity: 3318
Merit: 2008
First Exclusion Ever
It always comes down to this: incentives matter.

Yes. So many people forget this. It's the most basic law of economics, but all too often, it's simply ignored.

He is correct on this.   We should incentivize companies to pay a fair tax and create domestic jobs for the nation they are headquartered in.  They have gain a significant advantage being able to pool capital as a corporation.  With this advantage, they should contribute to the general welfare of that country.  If not then it is acting like a parasite.   There is no free lunch.

This doesn't make any sense. People are people no matter what "country" they're living in. Who cares if a company contributes to the "general welfare" of people in another country, by investing or selling products there. Your suggestion just promotes nationalism.

There is nothing wrong with nationalism, as long as it is not supremacist. People seem to be unable to get that there was a time when the two words weren't bound together conceptually. Currently nationalism is a reality of our economy. Most of the world has no problem being nationalist. We can talk about globalist utopias all day, but in that margin set aside for "globalism" the other nations will happily displace the resources which another nations once consumed and simply shift nationalist power. I do not think we will or should have a global government. Human beings are far too socially immature to allow control over the entire globe to be allowed to be had by a very small handful of people. There are too many unique differences in each place on the planet to be homogenized into a giant global "melting pot" without destroying exactly what makes them unique.
legendary
Activity: 1330
Merit: 1026
Mining since 2010 & Hosting since 2012
It always comes down to this: incentives matter.

Yes. So many people forget this. It's the most basic law of economics, but all too often, it's simply ignored.

He is correct on this.   We should incentivize companies to pay a fair tax and create domestic jobs for the nation they are headquartered in.  They have gain a significant advantage being able to pool capital as a corporation.  With this advantage, they should contribute to the general welfare of that country.  If not then it is acting like a parasite.   There is no free lunch.

This doesn't make any sense. People are people no matter what "country" they're living in. Who cares if a company contributes to the "general welfare" of people in another country, by investing or selling products there. Your suggestion just promotes nationalism.

Yes is does, the nation you live in matters.  If you don't care about it at all then your a poor example of its citizenry.   I am American and I care about the general welfare of other Americans.   I also disagree with our current policies and I do what I can not to give me consent to it.  But I am still American and care about its people.   I also care about other nations and hope they feel the same way about their nation as well.  Under those terms I hope we can continually finds ways to peacefully works together and trade.
legendary
Activity: 3318
Merit: 2008
First Exclusion Ever
i know these guys are in bed with the cia and all but is it just me or does it seem as if they do so much more good than harm on net. Just the other day they had a petition against some new internet censorship bill right on google.com main page. Perhaps the elites are beginning to lose control of what used to be their machine? Or put differently the states emulation of capitalism is, despite the states best efforts, breaking free of its bonds and becoming real capitalism.

Any good propaganda has a seed of truth, otherwise no one would be convinced by it. This "breaking of the bonds" is a controlled event long planned for, and they have a new and improved set of chains waiting for you on the other side. All you have to do is click accept.



As far as the OP subject matter, as a regular every day person try walking into the IRS and telling them that. See how fast they repo everything but your dirty drawers. As an individual I believe this is a healthy mindset, the economy crushes individuals and small businesses and ANY advantage should be taken. IMO commercial entities, especially those that have a monopoly on an industry have a special responsibility to pay their fair share so YOU AND I don't have to pay ours AND THEIRS. Believe me, currently we pay so companies like google don't have to.

If i want two candy bars and the guy next to me wants one candy bar he pays half as much as me, he pays his fair share. The market is where people pay their fair share. If i drive on a private road twice as often as joe i pay twice as much as joe, this is my fair share. Government is the place where people who don't use the roads at all pay 1000 times as much for the roads as some other people who use them all the time. Government is the only place where things get wacky and some people pay amounts that are not fair. Taxation isnt paying your fair share, paying your fair share is paying your fair share, donating to a charity is paying your fair share, donating towards the building of a road is paying your fair share. taxation is the use of violence to force other people to pay what you believe is their fair share to the people you believe they owe it to.

I completely agree with your statement. I did however state it was my opinion. This is more along the lines of the message I was trying to communicate:


He is correct on this.   We should incentivize companies to pay a fair tax and create domestic jobs for the nation they are headquartered in.  They have gain a significant advantage being able to pool capital as a corporation.  With this advantage, they should contribute to the general welfare of that country.  If not then it is acting like a parasite.   There is no free lunch.
hero member
Activity: 519
Merit: 501
:|: AmagiMetals :|: AnthemGold :|: HERC :|:
It always comes down to this: incentives matter.

Yes. So many people forget this. It's the most basic law of economics, but all too often, it's simply ignored.

He is correct on this.   We should incentivize companies to pay a fair tax and create domestic jobs for the nation they are headquartered in.  They have gain a significant advantage being able to pool capital as a corporation.  With this advantage, they should contribute to the general welfare of that country.  If not then it is acting like a parasite.   There is no free lunch.

This doesn't make any sense. People are people no matter what "country" they're living in. Who cares if a company contributes to the "general welfare" of people in another country, by investing or selling products there. Your suggestion just promotes nationalism.
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
With this advantage, they should contribute to the general welfare of that country.  

How do you think those companies get their money?
legendary
Activity: 1330
Merit: 1026
Mining since 2010 & Hosting since 2012
It always comes down to this: incentives matter.

Yes. So many people forget this. It's the most basic law of economics, but all too often, it's simply ignored.

He is correct on this.   We should incentivize companies to pay a fair tax and create domestic jobs for the nation they are headquartered in.  They have gain a significant advantage being able to pool capital as a corporation.  With this advantage, they should contribute to the general welfare of that country.  If not then it is acting like a parasite.   There is no free lunch.
legendary
Activity: 1722
Merit: 1217
i know these guys are in bed with the cia and all but is it just me or does it seem as if they do so much more good than harm on net. Just the other day they had a petition against some new internet censorship bill right on google.com main page. Perhaps the elites are beginning to lose control of what used to be their machine? Or put differently the states emulation of capitalism is, despite the states best efforts, breaking free of its bonds and becoming real capitalism.

Any good propaganda has a seed of truth, otherwise no one would be convinced by it. This "breaking of the bonds" is a controlled event long planned for, and they have a new and improved set of chains waiting for you on the other side. All you have to do is click accept.



As far as the OP subject matter, as a regular every day person try walking into the IRS and telling them that. See how fast they repo everything but your dirty drawers. As an individual I believe this is a healthy mindset, the economy crushes individuals and small businesses and ANY advantage should be taken. IMO commercial entities, especially those that have a monopoly on an industry have a special responsibility to pay their fair share so YOU AND I don't have to pay ours AND THEIRS. Believe me, currently we pay so companies like google don't have to.

If i want two candy bars and the guy next to me wants one candy bar he pays half as much as me, he pays his fair share. The market is where people pay their fair share. If i drive on a private road twice as often as joe i pay twice as much as joe, this is my fair share. Government is the place where people who don't use the roads at all pay 1000 times as much for the roads as some other people who use them all the time. Government is the only place where things get wacky and some people pay amounts that are not fair. Taxation isnt paying your fair share, paying your fair share is paying your fair share, donating to a charity is paying your fair share, donating towards the building of a road is paying your fair share. taxation is the use of violence to force other people to pay what you believe is their fair share to the people you believe they owe it to.
legendary
Activity: 3318
Merit: 2008
First Exclusion Ever
i know these guys are in bed with the cia and all but is it just me or does it seem as if they do so much more good than harm on net. Just the other day they had a petition against some new internet censorship bill right on google.com main page. Perhaps the elites are beginning to lose control of what used to be their machine? Or put differently the states emulation of capitalism is, despite the states best efforts, breaking free of its bonds and becoming real capitalism.

Any good propaganda has a seed of truth, otherwise no one would be convinced by it. This "breaking of the bonds" is a controlled event long planned for, and they have a new and improved set of chains waiting for you on the other side. All you have to do is click accept.



As far as the OP subject matter, as a regular every day person try walking into the IRS and telling them that. See how fast they repo everything but your dirty drawers. As an individual I believe this is a healthy mindset, the economy crushes individuals and small businesses and ANY advantage should be taken. IMO commercial entities, especially those that have a monopoly on an industry have a special responsibility to pay their fair share so YOU AND I don't have to pay ours AND THEIRS. Believe me, currently we pay so companies like google don't have to.
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
It always comes down to this: incentives matter.

Yes. So many people forget this. It's the most basic law of economics, but all too often, it's simply ignored.
hero member
Activity: 519
Merit: 501
:|: AmagiMetals :|: AnthemGold :|: HERC :|:
It always comes down to this: incentives matter.
legendary
Activity: 1400
Merit: 1005
He's got a good point about the shareholders. Corporations are indeed legally obligated to not waste their shareholders' money, so it may very well be illegal for them to not take advantage of any tax loopholes they can find. I wonder how Starbucks's shareholders are reacting...
Agreed.

For governments, there IS a simple solution for this: Make the tax code 1 page instead of 3000.

Tax haven competition is good for keeping taxes lower in other countries.

And American states.  Witness the capital flight from California to Texas.
Yet somehow, many people still don't think high taxes damage the economy...
sr. member
Activity: 406
Merit: 250
Tax haven competition is good for keeping taxes lower in other countries.

And American states.  Witness the capital flight from California to Texas.
legendary
Activity: 1540
Merit: 1000
The 'stateless' I like the sound of that.
legendary
Activity: 4542
Merit: 3393
Vile Vixen and Miss Bitcointalk 2021-2023
He's got a good point about the shareholders. Corporations are indeed legally obligated to not waste their shareholders' money, so it may very well be illegal for them to not take advantage of any tax loopholes they can find. I wonder how Starbucks's shareholders are reacting...
legendary
Activity: 1099
Merit: 1000
Tax haven competition is good for keeping taxes lower in other countries.
legendary
Activity: 1722
Merit: 1217
i know these guys are in bed with the cia and all but is it just me or does it seem as if they do so much more good than harm on net. Just the other day they had a petition against some new internet censorship bill right on google.com main page. Perhaps the elites are beginning to lose control of what used to be their machine? Or put differently the states emulation of capitalism is, despite the states best efforts, breaking free of its bonds and becoming real capitalism.
legendary
Activity: 1078
Merit: 1003
Good! The less money they get robbed for, the better!  Cool
newbie
Activity: 56
Merit: 0
Tax avoidance = "we wanted to steal more money from them, but they outsmarted us by using the very law we use to excuse our theft"

Lol
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