Monday, December 17, 2012

Eric Schmidt is not confused

Did you catch what Eric Schmidt said about capitalism and taxation last week?

From the Belfast Telegraph:
"Google boss Eric Schmidt: I'm proud of our tax avoidance's called capitalism" by Nikhil Kumar and Oliver Wright

Yes, even when you follow all the rules, people still get mad.  Jealousy and greed are ugly things.  There are many small-minded people in the world, and they're not shy about taking things that don't belong to them.

 I love how honest and correct Eric is in his quotes:

“I am very proud of the structure that we set up. We did it based on the incentives that the governments offered us to operate.”

“It’s called capitalism. We are proudly capitalistic. I’m not confused about this.”

“It's very good for us, but to go back to shareholders and say, 'We looked at 200 countries but felt sorry for those British people so we want to [pay them more]', there is probably some law against doing that.”