What about the German, Chinese, Indian economies? Besides, do you know how hard it is to hire programmers in the states? Why not take advantage of programming talent in other countries by opening up R&D centers outside of the USA. Google also does this to a huge benefit.
Is Hackernews USA only? Some of these posts are confusing, like everyone is posting from and about the states.
Besides, do you know how hard it is to hire programmers in the states? Why not take advantage of programming talent in other countries by opening up R&D centers outside of the USA.
No, the better solution (for America) is to also allow more immigration of tech workers to the US, who can be employed using that repatriated cash. Then those tech workers will create all kinds of service sector jobs that unemployed Americans can work in.
The cash listed in the article is Microsoft's entire overseas cash supply, including, I would rightly suppose, the money that pays my salary (since I work for MS outside of the USA). Are you saying that's not true? Or are you claiming that I'm not doing anything productive?
The money used to pay salaries, rents, equipment etc. is definitely negligible when compared to the vast buckets of cash just sitting around on Irish and other obscure bank accounts.
Shit, it'd be really interesting to see what would happen if MS/AAPL got the possibility to transfer their entire overseas cash into the US without taxes. Probably 100B$ could provide a massive growth...
Comments
What about the German, Chinese, Indian economies? Besides, do you know how hard it is to hire programmers in the states? Why not take advantage of programming talent in other countries by opening up R&D centers outside of the USA. Google also does this to a huge benefit.
Is Hackernews USA only? Some of these posts are confusing, like everyone is posting from and about the states.
No, the better solution (for America) is to also allow more immigration of tech workers to the US, who can be employed using that repatriated cash. Then those tech workers will create all kinds of service sector jobs that unemployed Americans can work in.
This particular cash is not doing anything productive for any economy, except of generating interest and a bit of taxes upon it.
The cash listed in the article is Microsoft's entire overseas cash supply, including, I would rightly suppose, the money that pays my salary (since I work for MS outside of the USA). Are you saying that's not true? Or are you claiming that I'm not doing anything productive?
The money used to pay salaries, rents, equipment etc. is definitely negligible when compared to the vast buckets of cash just sitting around on Irish and other obscure bank accounts.
Shit, it'd be really interesting to see what would happen if MS/AAPL got the possibility to transfer their entire overseas cash into the US without taxes. Probably 100B$ could provide a massive growth...