Apple CEO Tim Cook makes surprise visit to Reno

  • Apple CEO Tim Cook makes surprise visit to Reno

Apple CEO Tim Cook makes surprise visit to Reno

If those on the left still think President Trump is insane it's time to get their own an appointment with a psychiatrist post haste.

Apple announced Wednesday that its investment in the American economy would be more than $350 billion over the next five years.

Trump, insane? Yeah, like a fox.

The combination of these new investments and its existing spending plans, which amount to $55 billion in 2018, means that it expects to directly contribute more than $350 billion to the us economy in the next five years.

The new tax law is a great deal for Apple and its shareholders.

And why do you think Apple has chosen this route? Toyota has been one of the biggest corporate investors in American resources in recent years, including a new North American headquarters building in Plano, Texas, and a just-announced plant that Toyota will build a new car-assembly plant with Mazda in Alabama. Cook also believes that a company like Apple could only have been founded in America and they have a responsibility to give back to the country, "one of the ways to do that is to create jobs", said Cook.

"We are proud to be doing our part here in downtown with the impressive redevelopment efforts underway", said Cook. Could that perchance be the motivating factor? The company refused to bring back its cash to the US under the old tax code saying the tax penalty would be too high.

Apple has more money than they know what to do with.

Greif, however, expressed doubt about a wave of stock buybacks this time, noting that stocks are now trading at or near record highs.

From aerospace giant Boeing to retail behemoth Walmart, companies have made prominent pledges to give employees one-time bonuses or even wage boosts, and have attributed them to the tax cuts' liberating effects. New York Times economics writer Nelson Schwartz wrote in May 2016 that large companies were unlikely to respond to Trump's jaw-boning if he managed to become president - a prospect the smart set considered equally unlikely.

What we see happening with companies like Apple is what the president repeatedly said would happen. Like Apple, these companies gambled that Congress would, as it did in 2004, eventually offer a special low tax rate on these profits.

According to job review website Glassdoor, the average Apple engineer gets paid $142,031.