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View Diary: Tech giants embrace clean energy (12 comments)

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  •  Corps are sitting (3+ / 0-)
    Recommended by:
    DWG, northsylvania, Lujane

    on trillions in cash with not enough safe or profitable ways to invest it. They have enjoyed an enormous advantage, grabbing almost all the fruits of productivity gains and not sharing them with the workers.

    The least they can do is something that benefits society.


    "Justice is a commodity"

    by joanneleon on Sun Mar 24, 2013 at 09:31:20 AM PDT

    •  Tis true (5+ / 0-)

      They are sitting on cash rather than invest it in productive ways. Frankly, this is something many companies can and should be doing, which in turn would create further economies of scale for clean energy.

      Be radical in your compassion.

      by DWG on Sun Mar 24, 2013 at 10:30:29 AM PDT

      [ Parent ]

    •  Much of It Off-Shore (0+ / 0-)

      They haven't spent it because they put it into an overseas account and are now praying for the tooth fairy/Easter bunny/Santa Claus to eliminate their tax liability on that money, which would be a total windfall for the shareholders.  They knew the deal was they'd pay taxes on the money when repatriated and now they're trying to rewrite the rules of the game - exclusively for their benefit.  It's one of the reasons that super-majorities should be required for tax decrease votes in addition to any tax increases.

      "Love the Truth, defend the Truth, speak the Truth, and hear the Truth" - Jan Hus, d.1415 CE

      by PrahaPartizan on Sun Mar 24, 2013 at 04:56:31 PM PDT

      [ Parent ]

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