Trying to Take a Bite Out of Apple

The U.S. Senate enjoyed grilled Apple yesterday, putting the company through its paces for having the temerity to take advantage of laws passed by, well the Senate. Shameful! Apple was castigated for not sitting here in the U.S. and getting taxed up the wazoo like it should to fund the senators' grandiose pork projects. Not surprisingly, Apple defended itself, as well it should have.

Any company has the legal and moral obligation to obey the law. No company has the legal or moral obligation to be taxed at the maximum rate, of which the United States has the highest income tax rates among Western nations. Further, Apple has followed the law, albeit very cleverly, in seeking to keep more of the money that it earned for the company and its shareholders. There is nothing wrong with that except that it is an affront to those in government, like yesterday's Senate committee, who arrogantly think that they know how to spend our money better than those of us out in the trenches who actually work hard and earn it.