Thank You President Trump!
Apple is giving its employees $2,500 bonuses in restricted stock units following the passing of new US tax law, according to a report from Bloomberg.
The stock will be granted to most employees worldwide in the coming months, according to the report. It cites unnamed sources within Apple, who claim that Apple employees below a senior level title of “director” will be eligible for the bonuses.
9to5Mac obtained the letter sent to employees announcing the bonus, which says that the company is investing in its most important resource: it’s people.
Apple announced earlier today that it would be bringing most of its cash back to the US from overseas (and paying $38 billion in taxes in the process), a move that would seem to be predicated by the recent overhaul of the corporate tax rate in the US.
Apple isn’t the only company to issue bonuses to celebrate the lower tax rates: AT&T and Comcast have also previously announced plans for similar bonuses as well.
https://www.theverge.com/2018/1/17/...nus-restricted-stock-units-tax-code-employees
Here is a little Dejavu from 2016 from Paul Krugman. World renowned economist that happens to be rabid liberal.
Paul Krugman: The Economic Fallout
By PAUL KRUGMAN
COMMENT2016-11-09T00:42:44-05:0012:42 AM ET
It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?
Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.
Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.
Under any circumstances, putting an irresponsible, ignorant man who takes his advice from all the wrong people in charge of the nation with the world’s most important economy would be very bad news. What makes it especially bad right now, however, is the fundamentally fragile state much of the world is still in, eight years after the great financial crisis.
It’s true that we’ve been adding jobs at a pretty good pace and are quite close to full employment. But we’ve been doing O.K. only thanks to extremely low interest rates. There’s nothing wrong with that per se. But what if something bad happens and the economy needs a boost? The Fed and its counterparts abroad basically have very little room for further rate cuts, and therefore very little ability to respond to adverse events.
Now comes the mother of all adverse effects — and what it brings with it is a regime that will be ignorant of economic policy and hostile to any effort to make it work. Effective fiscal support for the Fed? Not a chance. In fact, you can bet that the Fed will lose its independence, and be bullied by cranks.
So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.
https://www.nytimes.com/interactive...-night-2016/paul-krugman-the-economic-fallout
Apple also announced that because of the Trump Tax cuts, it will spend 30 billion dollars over 5 years creating 20,000 new jobs in call centers and other places in the US.
Meanwhile Upchuck shummer and pelosi continue to say that tax cuts don't work. OOOOOOK! Well surprise, they do, and are.
We need our resident liberal economist to comment on why this option of a tax cut will hurt the economy.
Apple is giving its employees $2,500 bonuses in restricted stock units following the passing of new US tax law, according to a report from Bloomberg.
The stock will be granted to most employees worldwide in the coming months, according to the report. It cites unnamed sources within Apple, who claim that Apple employees below a senior level title of “director” will be eligible for the bonuses.
9to5Mac obtained the letter sent to employees announcing the bonus, which says that the company is investing in its most important resource: it’s people.
Apple announced earlier today that it would be bringing most of its cash back to the US from overseas (and paying $38 billion in taxes in the process), a move that would seem to be predicated by the recent overhaul of the corporate tax rate in the US.
Apple isn’t the only company to issue bonuses to celebrate the lower tax rates: AT&T and Comcast have also previously announced plans for similar bonuses as well.
https://www.theverge.com/2018/1/17/...nus-restricted-stock-units-tax-code-employees
Here is a little Dejavu from 2016 from Paul Krugman. World renowned economist that happens to be rabid liberal.
Paul Krugman: The Economic Fallout
By PAUL KRUGMAN
COMMENT2016-11-09T00:42:44-05:0012:42 AM ET
It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?
Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.
Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.
Under any circumstances, putting an irresponsible, ignorant man who takes his advice from all the wrong people in charge of the nation with the world’s most important economy would be very bad news. What makes it especially bad right now, however, is the fundamentally fragile state much of the world is still in, eight years after the great financial crisis.
It’s true that we’ve been adding jobs at a pretty good pace and are quite close to full employment. But we’ve been doing O.K. only thanks to extremely low interest rates. There’s nothing wrong with that per se. But what if something bad happens and the economy needs a boost? The Fed and its counterparts abroad basically have very little room for further rate cuts, and therefore very little ability to respond to adverse events.
Now comes the mother of all adverse effects — and what it brings with it is a regime that will be ignorant of economic policy and hostile to any effort to make it work. Effective fiscal support for the Fed? Not a chance. In fact, you can bet that the Fed will lose its independence, and be bullied by cranks.
So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.
https://www.nytimes.com/interactive...-night-2016/paul-krugman-the-economic-fallout
Apple also announced that because of the Trump Tax cuts, it will spend 30 billion dollars over 5 years creating 20,000 new jobs in call centers and other places in the US.
Meanwhile Upchuck shummer and pelosi continue to say that tax cuts don't work. OOOOOOK! Well surprise, they do, and are.
We need our resident liberal economist to comment on why this option of a tax cut will hurt the economy.
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