Comment Re:Tax Avoidance (Score 1) 292
Your smug assertion that I expect to live off other's taxes despite knowing nothing about me aside, let me respond.
You trimmed the first quote. I didn't say that Apple isn't paying you dividends, I said they're not paying it out of that cash pile (which they are not). Their EPS and their dividend is respectable enough without it so they don't need to.
Your basis is irrelevant to the general point I was making (and I still bet that things did look better at ~$700 per share)! The point I'm trying to make is that the size of that the cash pile is giving no value to shareholders. If Apple increased their dividend by 100% by bringing back some of their billions and paying taxes on them, how is that losing stockholder value? The truth is, no stockholder value is diluted and any stockholder who took a case would lose.
That money is not being used and cannot be used without taking the tax penalty. Expansion and investment in infrastructure comes out of the budget before taxes are assessed (and in many cases can be offset against the tax bill anyway), so it does not hinder either of these. You could argue that it's underpinning the share price but I strongly disagree - Apple's performace as a company is what affects the share price and Apple's amazing performance continues which i'm sure delights you as an Apple shareholder.
On to your point number 2. Whether you hate your government or not (and the state of political discourse in the US at the moment is deeply saddening), surely you must see that govenment investment in infrastructure and education is important? Personally, I pay all my taxes and while it doesn't delight me I make sure they are paid because I believe that the benefits are worth it. That goes double for every company - their employees were educated by the state, they travel on infrastructure built by the state and they are largely safer than they have ever been before from crime due to society agreeing to give the state powers to punish criminals. They can trade internationally within a structure that enables exactly this, and ship their goods, both manufactured and virtual, on infrastructure that largely comes from investment encouraged by or flat out made by their governments. They are standing on the shoulders of all those invested in this beforehand by contributing by way of taxes. Why shouldn't the companies that have benefited from this long-term investment contribute back when they are successful?