On: Apple says it will add 20k jobs, spend $500B, produce AI servers in US

[airstrike]

The problem with taxes is that it's a prisoner's dilemma. You need global cooperation at some base level of taxes, otherwise companies move to more favorable tax jurisdictions in the long term and offshore from there, which would hurt the US even more. It doesn't have to be all-or-nothing, but any marginal dollar of increased taxes in one place will have some non-zero effect of encouraging the next investment dollar to be spent elsewhere.

To be clear, I do think capital gains taxes are criminally low in the US relative to income tax, so I'm not arguing in _favor_ of lower taxes. I'm just saying why raising taxes isn't a panacea.

[Jolter → airstrike]

You can raise US company taxes and capital gains tax a lot before the US stops being a low-tax country.

You’re not wrong, of course, about how every tax percentage point matters. But Americans arguing that their taxes are too high is never not hilarious.