Tuesday, April 8, 2025

The Accursed Tariffs — NeilW

Many electrons have been inconvenienced over this topic, and most have been in vain. I’ve wondered all week whether I had anything meaningful to add. However, a few points that have emerged in discussions are worth highlighting....

New Wayland
The Accursed Tariffs
NeilW

5 comments:

Matt Franko said...

How do you know it’s not the retained earnings of Chinese divisions of US multinationals?

Matt Franko said...

Ireland’s an easy case because famously Apple computer does all their invoicing through Ireland so Ireland appears to have a $300 billion permanent trade surplus with the United States but it’s just the retained earnings of Apple computer

Matt Franko said...

Without access to the bank accounts data Bill doesn’t know who’s “money!”it is … nor does anybody

Matt Franko said...

Ireland’s corporate tax rate 17% and US corporate tax rate 21% so Apple does all their business thru Ireland to save 4%

Matt Franko said...

Art degree morons think “Ireland is ripping us off and lending us money!“ meanwhile it’s just apple’s retained earnings… euthanize all the art degree morons and all this goes away