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Thread: Apple holding more cash than USA

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    Apple holding more cash than USA

    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.

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    Quote Originally Posted by Infinite Chaos View Post
    And it's not like Apple is the biggest US company out there.
    That's cause we didn't send enough of the factories and productive aspects of the economy over seas... If we send the rest of the economy out of country that should fix the problems... Maybe getting further into debt will help, or how about we wage peace with more countries, that might help.

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    Re: Apple holding more cash than USA

    Yes, what is the story here? That Apple is good with money or that the government is poor with it.

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    Re: Apple holding more cash than USA

    The US government spends money like an angry wife, if Apple did the same it would also be broke.

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    Re: Apple holding more cash than USA

    I agree. If Apple spent money the way the US government does it would be broke.
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    Re: Apple holding more cash than USA

    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.

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    Re: Apple holding more cash than USA

    i wonder if we could learn anything from their crazy, radical, "spend less than you make" philosophy.......

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    Re: Apple holding more cash than USA

    See, if we'd just take that money from Apple, since they are being greedy, and spread it around to everyone we'd all be happy!
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    Re: Apple holding more cash than USA

    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.
    Last edited by PeteEU; 07-31-11 at 07:02 AM.
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    Re: Apple holding more cash than USA

    Quote Originally Posted by Infinite Chaos View Post
    And it's not like Apple is the biggest US company out there.
    Now...how big is Apple vs the US government? IE how many programs does Apple offer vs the US government. (and no..I'm not talking about computer programs so don't need smart aleck remarks. )
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