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Apple now has more cash to spend than the United States government.
Latest figures from the US Treasury Department show that the country has an operating cash balance of $73.7bn (£45.3bn).
Apple's most recent financial results put its reserves at $76.4bn. BBC
And it's not like Apple is the biggest US company out there.
And it's not like Apple is the biggest US company out there.
I'm not someone who will turn this into a free market vs. government legislation debate like some posts above. I'll just say that it's amazing that a corporation can have that much money. The divide between have and have not has never been this vast in human history, given the proportions of materials and assets we are dealing with. It's something to remark at.
Also... what effect can government possibly have against companies with such economic power? It really makes me question who is in charge these days.
i wonder if we could learn anything from their crazy, radical, "spend less than you make" philosophy.......
Apple's products are quite pricey. it seems odd that they still have to utilize Chinese labor to manufacture them.
Apple does not manufacture the products with the probable except of the RISC chip it uses for its Ipad
I expect everything else is contracted out
Actually this shows how much better Apple is in collecting its "taxes" than the US government
On top of that, Apple does not give massive rebates, give away the products or actually pay people to take their products... the US government does.
And it helps that Apple does not pay no where near the supposed 32% corporate tax rate that it is suppose to pay according to the GOP.
that's my point. it seems that contracting out to Foxcon would not be necessary to make a profitable product in Apple's case. plus, hiring Americans would be great PR.
rename yourself the United States of Apple and figure out a better Operating System to Govern you?
Actually this shows how much better Apple is in collecting its "taxes" than the US government
On top of that, Apple does not give massive rebates, give away the products or actually pay people to take their products... the US government does.
And it helps that Apple does not pay no where near the supposed 32% corporate tax rate that it is suppose to pay according to the GOP.
Apple is more Chinese than it is American... far more.
Apple does not manufacture the products with the probable except of the RISC chip it uses for its Ipad
I expect everything else is contracted out
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