It's insanity because it's based on the misconception that taxing companies is somehow different from taxing people. What do you think those companies will do if you increase their taxes? Roll over and just fork it over even if it puts them in the red? No. They're going to raise their prices, and/or cut their costs to compensate.

Ultimately, all taxes are paid for by taxpayers. Whether it's directly through income and sales taxes, or indirectly through corporate taxes which get passed on to customers as price increases and employees as pay cuts (or smaller pay raises). The end result is the same - less money for taxpayers, more money for the government.

You can argue that we need more taxation. But never make the mistake of thinking that taxing corporations has zero impact on taxpayers. It has exactly the same economic effect as directly raising taxes on taxpayers. The only thing that gets changed is who gets blamed (people curse the companies for raising their prices, instead of the government for collecting so many taxes).

* Numerical example for people who still don't get it. Say you make $50k/yr and pay $10k/yr in taxes, thus leaving you with $40k/yr to spend on yourself. The country changes law eliminating income tax, and getting all funding from corporate taxes instead. Do you think you'll now get $50k/yr to spend? No. Companies now have to pay an extra $10k/yr per citizen in taxes. So either your pay gets cut to $40k/yr, or prices increase 20% which after adjusting for inflation leaves you with $40k/yr just like before. You see, average real income is purely a function of productivity. And changing how taxes are collected doesn't change average productivity per capita. So where from the economy you extract taxes can't change the amount of real take-home pay. It's all just shell game.

I seriously considered starting that post by saying that Nokia committed suicide by not picking an OS and sticking with it, but even with all their problems, they might have survived relatively unscathed had it not been for the glut of cheap Android phones washing the ground out from under their foundation. :-)

The GOP corporatists want a "repatriation holiday"

So does Obama. This is the SAME THING as that. Using your original This and That.

It's not corporatist to simply want to provide motivation for companies to bring money back into the U.S. economy.

All taxes get paid by the people purchasing products and services.

Taxes are paid by those against whom they are levied.

Those entities may try and recover that cost elsewhere. They may or may not be successful in doing so.

If you tax only the rich, the poor will pay the differences.

So you don't think anyone will step in and provide equivalent products and services at a lower cost than established players because they're prepared to accept a smaller profit margin ?

Ie: markets don't work ?

There are plenty of rich people who don't own and run businesses, or have substantial income and wealth outside of their business interests.

and no, you cannot address that with any legislation because congress does not have the power to do so.

Firstly, the world is not America.

Secondly, even in the US, between local, state and federal Governments, they can legislate nearly anything they want to. If, of course, they want to. But there's been little interest in trying to build a better society since the neoliberal right took over the western world in the '70s and started pursuing the greatest wealth transfer from the

government sucks

it's just that the world sucks even more without it

congratulations, that's the most retarded thing i've read this year

Maybe if we built a really tall ladder...

That's nu-cu-lar radiashun.

There is nothing there that could not be addressed with appropriate legislation.

And it's all completely irrelevant to the original claim that "all taxes are regressive".

The thing is, the phone built on the foundation of the Apple Newton and what they learned from that.

I think a lot of that knowledge went fallow and they mostly started from scratch.

it isn't like Steve Jobs was seized by inspiration, locked himself in his office for a week and then walked out with a fully functional iPhone

Only die-hard Apple Haters (of which Slashdot holds many) ever come up with drivel like that, meant to belittle others who have the audacity to like something. People like you though seem to want to pretend the whole thing was just about that easy to produce, to make sure Apple gets no credit whatsoever for the work that went into it.