The Big Three should die

[GilaMinumBeer]

“We don’t mind paying our taxes here in the US in gratitude for the opportunities that exist in this country and that I certainly have enjoyed — but don’t mistake that for good financial decision-making,” Koch said to the Senate Permanent Subcommittee on Investigations. “Because of our broken corporate tax system, I can honestly predict that I will likely be the last American owner of Boston Beer Company.”

Did you even read your own link before you came up the argument that he said it makes perfect business sense. No, that's not what he said, educate yourself. "Our broken corporate tax system, I can honestly predict that I will likely be the last American owner of Boston Beer Company." Not that it makes perfect business sense... Applebee's is waiting - bro!

Did you even read your own quotation? He LITERALLY says that paying taxes here in the US is NOT good financial decision making. I.e. corporate inversion is.

Are you working the counter?

 

[ThatVideoKid]

Well, despite all of this. I can tell you guys that I would love to open a brewery, get kind of big, and sell it for 1B

 

[IrregularPulse]

I agree with that. He does allude that he understands why it's going overseas, and that's it's the more financially sound decision. But I don't think he's saying it makes "perfect" business sense.

Since when does "more financially sound decision" not equal "perfect business sense?"

 

[bob1852]

I can't tell you exactly on the US market, but as a whole, AB InBevs revenue is 44B, and their profit is only 8B. I imagine the ratio is fairly similar for just the US market

If someone is going to rant on "slaves" and oversees profits, they really would have a much better argument with using actual numbers...

For me, I drink what I like, and I like what I drink. I'm not going to support some small brewery that uses untreated chlorinated water and ferments their beers at 80+ degrees and turns out a crappy product, just because they're not InBev.

And I'll still drink Ballast Point, 10 Barrel, etc., because I like their beers.

 

[IrregularPulse]

Well, despite all of this. I can tell you guys that I would love to open a brewery, get kind of big, and sell it for 1B

This. My main goal in opening a business would be to grow it, sell it and retire. To hell with stressing about a business until I'm 100.

 

[IrregularPulse]

If someone is going to rant on "slaves" and oversees profits, they really would have a much better argument with using actual numbers...

For me, I drink what I like, and I like what I drink. I'm not going to support some small brewery that uses untreated chlorinated water and ferments their beers at 80+ degrees and turns out a crappy product, just because they're not InBev.

And I'll still drink Ballast Point, 10 Barrel, etc., because I like their beers.

Amen. I got too much other crap to worry about than the ethics of the dude who writes the checks to the people who brew the beer I drink. Like stuck throttles on broken bikes.

 

[jjeffers09]

He literally said that he pays taxes, but believes it to be a broken system. Meaning he believe he is paying taxes, higher taxes than if he moved his company overseas.

Is that a truth? Yes. Jim Koch pays more taxes keeping his company in the US than if he moved his headquarters overseas.

Is that something Boston Beer Company has control over? Yes - they could move overseas.

Is he choosing to keep his company in the U.S.A. because he is grateful for the opportunities that exist in this country? Yes...

Is it a bad financial decision? Yes, and he acknowledges it. Not good, in the sense that it costs him more money... are you working the burger king counter right now?

 

[ThatVideoKid]

Since when does "more financially sound decision" not equal "perfect business sense?"

The two are not the same. A lot of boston beers values are in being American owned and operated. I would assume that many consumers would question them moving overseas. Granted I put way too much stock in consumer awareness

 

[IrregularPulse]

The two are not the same. A lot of boston beers values are in being American owned and operated. I would assume that many consumers would question them moving overseas. Granted I put way too much stock in consumer awareness

Not to mention, the people drinking SA are not the kind involved enough in the beer industry to ever know about this if it happened. I don't think it'd hurt them at all.

 

[bob1852]

Did you really just ask what % of net profit your invested company has? You are the shareholder. If I go pull info from AB Inbev or SABMiller at best I could see operational %'s not actual bottom line, net profit that stays in the US economy. That would be information you are privileged to... not me.

I'm not the one making the case that InBev is bad for America. You are...

The burden of proof is on the accuser...

 

[GilaMinumBeer]

The two are not the same. A lot of boston beers values are in being American owned and operated. I would assume that many consumers would question them moving overseas. Granted I put way too much stock in consumer awareness

Yet ironic how most of their raw materials are sourced from outside our own borders. Heck, they even buy their apples from overseas.

 

[ThatVideoKid]

Yet ironic how most of their raw materials are sourced from outside our own borders. Heck, they even buy their apples from overseas.

I'm sure that's not for a profit reason, I doubt Italian and French apples are cheaper than american apples. And for there is a good amount of American apples in their blend as well

 

[GilaMinumBeer]

I'm sure that's not for a profit reason, I doubt Italian and French apples are cheaper than american apples. And for there is a good amount of American apples in their blend as well

It does emphasize that Boston Beer is more of a "assembled in the United States" kind of thing. Which further trickles down foreign profit from an "American" product.

Makes me wonder just how many 100% "American" craft breweries there are?

 

[GrogNerd]

and I'm afraid there are people here who do not fully comprehend exactly what profits are.

they're a SMALL percentage of revenue. what's left over after the expenses of doing business are paid. now, those expenses don't include burning money, it doesn't disappear, there's NO WAY it is being hoarded, it's money being spent on labor and capital. and for a foreign-owned company operating inside the US, that's what stays in the US.

so, again, I'll ask who gives a rodent's rectum where the profit goes? ABInBev is leaving more money here in the US than it's taking out. their profit is their reward for investing the rest of their revenue here in the States

 

[jjeffers09]

and I'm afraid there are people here who do not fully comprehend exactly what profits are.

they're a SMALL percentage of revenue. what's left over after the expenses of doing business are paid. now, those expenses don't include burning money, it doesn't disappear, there's NO WAY it is being hoarded, it's money being spent on labor and capital. and for a foreign-owned company operating inside the US, that's what stays in the US.

so, again, I'll ask who gives a rodent's rectum where the profit goes? ABInBev is leaving more money here in the US than it's taking out. their profit is their reward for investing the rest of their revenue here in the States

Money spent on capital? Are they paying for a printing machine? Are you sure you have a clue what you are talking about?

When 16.8B is Normalized EBITDA and Normalized EBIT 13 768 however but top line growth that led to 43.6B. All in all any business that plans and benchmarks at 65% gross profit and a EBIT of 35%. If you knew anything about business you would already be saying to yourself, damn to own an operation like that would be amazing. Now this is all while being down somewhere in the -18% in the North American market due to the market change that I am in favor of...

In what way do you call 33% EBIT "a SMALL percentage of revenue" As a point of reference the average restaurant franchisee at a chain restaurant will see 6.5-7% EBIT without paying themselves a regular salary.

 

[nDub]

Apparently you don't know much about business. The proportion of money going into the American economy in labor is HUGE compared to the amount in profit that goes overseas. HUGE. That doesn't even include the money going American farms growing barley and corn. And yes that's all coming from America.

I'm also assuming that the HUGE PAYMENT made by In-Bev to purchase Budwieser went to people who live here in the USA...

I'm with the others who have said: I don't buy BMC but I sure don't turn it down when offered.

 

[CJ-3]

Can we not pick on the employees of Burger King and Applebees?
They didn't start the mess that this discussionion has become.

 

[Yeastieboy]

Love me a Bacon Deluxe Cheeseburger extra Mayonnaise

 

[worlddivides]

My impression of jjeffers09... Ahem...

You sure you're not a total idiot? Your seat at the counter at Applebee's is waiting, bro! Don't quit your day job at Burger King. Hahahaha. Listen up. I only buy AMERICAN products made down the street. Jeans made by Jimmy Bob, beer made by Ol' Jimmy Johns at the factory on Manchester Lane, salads made by Sally Sue. I ain't never gone send any of my hard-earned AMERICAN cash to another state -- OR STILL THE HEARTS OF THE FOUNDING FATHERS, ANOTHER COUNTRY! Good beer in Belgium? Hah! Go back to your counter seat at TGI FRIDAYS! I'll be here at home eating all-AMERICAN freedom and diplomacy. Take that.

Thank you, thank you. *Bows*

 

[jjeffers09]

Ol' Jimmy Johns? you hungry? you wanna sammich?

Oh I did not realize you were in Santa Clara, you wouldn't go to Jimmy Johns for a sammich. You would go to a David Beckham lookalikes swanky loft apartment and enjoy the taste of sarcasim and self loathing.

 

[unionrdr]

The same post again, & more than 4 times? Me smell spam bot!...

 

[ThatVideoKid]

The same post again, & more than 4 times? Me smell spam bot!...

I don't know why it likes this thread so much

 

[unionrdr]

It likes you!?...

 

[ThatVideoKid]

Maybe. It likes the outdoor winter brewing thread rii

 

[Stillraining]

To help steer us back on track... I wasn't as fat drinking INBev's Bush beer regularly compared to my own swill now. Long live Budweiser.

 

[Homercidal]

Just a gentle reminder, folks. Keep on topic. And don't argue. There is a forum for that stuff if you want to go there and hash out geofinancial policies.

Also, I want everyone to know that nobody lost this argument. I know it's important to you guys to not feel like you've been bested, so let me assure you: You are all winners.

 

[ThatVideoKid]

Just a gentle reminder, folks. Keep on topic. And don't argue. There is a forum for that stuff if you want to go there and hash out geofinancial policies.



Also, I want everyone to know that nobody lost this argument. I know it's important to you guys to not feel like you've been bested, so let me assure you: You are all winners.

That's just dandy :]

 

[GrogNerd]

Just a gentle reminder, You are all whiners.

Ftfy

 

[bob1852]

Just a gentle reminder, folks. Keep on topic. And don't argue. There is a forum for that stuff if you want to go there and hash out geofinancial policies.

Also, I want everyone to know that nobody lost this argument. I know it's important to you guys to not feel like you've been bested, so let me assure you: You are all winners.

Where's our participation trophies?

 

[applescrap]

Edited out of respect, but i will say this i dont understand why every time there is some heated intellectual discourse that remains appropriate it's edited. Yet I've seen sexist, racist, and downright inappropriate garbage go unedited.