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Silicon Valley Billionaires

Silicon Valley Billionaires Are the New Robber Barons

Progressives forget their history of breaking up mega-corporations as they lionize tech giants such as Apple, Google, and Facebook.

Progressives used to pressure U.S. corporations to cut back on outsourcing and on the tactic of building their products abroad to take advantage of inexpensive foreign workers.

During the 2012 election, President Obama attacked Mitt Romney as a potential illiberal “outsourcer-in-chief” for investing in companies that went overseas in search of cheap labor.

Yet most of the computers and smartphones sold by Silicon Valley companies are still being built abroad — to mostly silence from progressive watchdogs.

In the case of the cobalt mining that is necessary for the production of lithium-ion batteries in electric cars, thousands of child laborers in southern Africa are worked to exhaustion. In the 1960s, campuses boycotted grapes to support Cesar Chavez’s unionization of farm workers. Yet it is unlikely that there will be any effort to boycott tech companies that use lithium-ion batteries produced from African-mined cobalt. Progressives demand higher taxes on the wealthy. They traditionally argue that tax gimmicks and loopholes are threats to the republic.

Yet few seem to care that West Coast conglomerates such as Amazon, Apple, Google, and Starbucks filtered hundreds of billions in global profits through tax havens such as Bermuda, shorting the United States billions of dollars in income taxes. Continue…

always curious to see what victor hanson is writing about, and yet another good one this week as usual… especially over a fresh cup of morning coffee and bagel w/ cream cheese.

PS. always feel like sneer’n whenever i see photos of zuckerberg…. dunno, maybe it’s just me.

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