Comment by emersonrsantos
9 years ago
> #1 - Apple has a quarter of a trillion dollars in cash. You would think they could afford
Same can be said for any company/bank/government.
> #2 - Average computer/phone users are willfully ignorant
This - most people doesn't want to know how everything works - and they pay for it in various ways. It's not a matter of intelligence to know everything - but at least someone should know how they are spending their money. Could be a matter of trust, are they trusting Apple too much?
#1 - I don't really think many companies sit on .25 Trillion Dollars of cash. Perhaps if you applied appropriate taxes (which are currently deferred indefinitely), the actual cash would be much lower and thus more common amongst companies.
#2 - No, it's just that people optimize away their concerns. Until it's a _real_ problem, they don't bother. I get that, because I do that with other things in my life. But it's still unwise, and given the position (and power) technology has in our lives, I think people should adjust their priorities.
They've been dumping Trillions of dollars into the economy with QE trying to bring even a little bit of inflation which would get that money out of Apple's hands without passing it through Donald Trump's fingers.
What do you mean by "appropriate taxes".
Apple have paid "appropriate taxes". What the commenter meant to say was that the money is held offshore, and unable to be repatriated without paying significant tax. This is a red herring however, since Apple's borrowing power in the credit markets is virtually unlimited.