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allnamestaken1968 t1_j294t84 wrote

Reply to comment by GangNailer in [OC] Apple’s cash flow statement visualized by giteam

And what should they do with the money? They don’t have the management capacity to invest it. The alternative is dividends, which is way less tax optimization for investors (since you have to take it). Buybacks by themselves do not increase share price anyways.

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GangNailer t1_j295bgl wrote

Invest it into the company through living wages for employees, health benefits, r and d, you know... The things companies originally were supposed to do

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Objective-Throat-614 t1_j298wya wrote

You realize how much tech workers make right?

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ssjskipp t1_j29m3fl wrote

Or they could, I don't know, not use oppressed labor to make their products? Why do you think tech is the only place apple can spend their income?

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Objective-Throat-614 t1_j29wwd9 wrote

Sounds like a China problem

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thenikolaka t1_j2a0pey wrote

Isn’t Apple trying to take production out of China though? And isn’t most of the oppressed labor happening in places like Congo where China is operating operating some 90% of the mines extracting materials to build smartphones? Cuz if so that sounds more like an Apple/US Problem in development, once again exploiting Africa to do so.

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Objective-Throat-614 t1_j2a3mb2 wrote

Another “America bad” Reddit npc. So close to making an actual thought before devolving back into braindead takes. China owns and/or funds the DRC cobalt mines. It’s a China problem

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GangNailer t1_j29b6l6 wrote

So workers don't deserve to make money equivalent to the value they produce?

Ur okay letting a rich investors take that money from you? Man stop protecting those in power and punch up for once.

Stop punching down at the workers who actually do the labor in this economy.

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Objective-Throat-614 t1_j29eo4f wrote

You said living wages. Apple software engineers with even a few years of experience make at least $250k lmao

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GangNailer t1_j29g4rx wrote

And the CEO and investors make 400times that amount.

Plus why not pay the frontline workers, customer support, etc. more if ur so butthurt about software engineers making money. Apple has more than just software engineers running it u know?

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Objective-Throat-614 t1_j29ws2i wrote

You’re the one moving the goal posts so you can continue to suck off 1%ers

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GangNailer t1_j2a1c3c wrote

Lmfao... Just try and prove that dumbass statement Of yours.

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Objective-Throat-614 t1_j2a29fr wrote

I did. You’re rattling off le reddit npc phrases like living wages while discussing a class of individuals who make more out of college than you will in your 40s. They don’t need you to fellate them

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GangNailer t1_j2a3u8x wrote

It isn't an npc. Listen to what the people are saying. All the wealth created is made by people at the bottom. Richasshokes would have no money at all if the people at the bottom worked in low wage positions. Real material value is done through labor, not moving money around on screens... This whole system is setup so people like you think you are creating more value than the actual labor of people creating the product or providing their service.

I work with entrepreneurs on a daily basis, and I know just how egotistical and how they live in a non-reality environment.

They think everything they do is all the work needed and they fail unless they hire other experts to take parts of the business over. Businesses are all collaborative efforts, and should be treated like meritcracy. And to say one person deserve 400times more than the actual workers is the most shittiest propganda to fall a victim to.

Material wealth is built on materials and labor, everything else is parsetic and gambling.

Things haven't bean this bad in terms of inequality since... Ever. Even the guided age had better equality. We are at a point where the greedy have fallen vicitem to their own propganda, and don't realize how better the world would be without the 1% and the dick suckers who promote them.

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allnamestaken1968 t1_j29nf2i wrote

This is however not how business works. I am pretty sure Apple Pay’s pretty well. As for r&d, they spent a shitload already. And you don’t want to start another series of conglomerates like we had in the 70s and 80s, when utilities owned malls and rental car companies. That’s not good for anybody. Lastly, you would also have to stop special dividends, which is not not going to happen. Basically buybacks are a good way to return to cash to shareholders to reinvest in other companies.

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GangNailer t1_j29red0 wrote

Explain to me how giving higher wages supports giving conglomerates more power?

I mean how come whenever the little guy gets money people are sooo pissed off. But when we call out the rich people misusing their wealth it's okay, because they "know" how to spend money "better"

I Mena the little guy already gets punched down at. Punch up for God's sake. Shareholders = the wealthy

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allnamestaken1968 t1_j2a6e4k wrote

That’s not what I meant. Sorry. Obviously that would work - but in the end, it’s a market for labor. I am for minimum wage $25 plus inflation - but that wouldn’t change this as nobody at Apple makes that little (well, maybe some janitors, but not enough to change this picture). Companies will be profit/cash flow maximizing under the rules allowed. A cash machine like Apple will always generate more cash than they can reasonably invest in new businesses

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