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Re: Doesn’t Matter Who Wins the K Race; We’re All the Same
WTF, Bernie (from the Guardian):
Quote:
Sen. Bernie Sanders slammed Apple on Monday for announcing a $2.5bn pledge to create affordable housing.
The 2020 presidential candidate said the announcement is an effort to frame its entering the housing industry as altruism.
“Apple’s announcement that it is entering the real estate lending business is an effort to distract from the fact that it has helped create California’s housing crisis – all while raking in $800 million of taxpayer subsidies, and keeping a quarter trillion dollars of profit offshore, in order to avoid paying billions of dollars in taxes,” Sanders said in a statement.
Apple said it will devote $1bn to affordable housing investment fund and $1bn to a mortgage assistance fund fund for first-time homebuyers. The company will also create a $150m fund to distribute long-term “forgivable loans” and grants to affordable housing projects.
The commitment of $2.5 bn represents less than 4% of the $65 bnApple made in revenue in quarter four alone.
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Apple hasn't helped create California's housing crisis. Californians did that all on their own. Apple has done about a $2.5 bn pledge worth to help more than Bernie has, from what I can tell.
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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