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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (708435)3/26/2020 1:44:41 AM
From: TimF5 Recommendations

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After a decadelong U.S. economic expansion, not every company has entered this crisis with the same cash cushion. Apple Inc. AAPL -0.55% ended the year with $247 billion in cash, securities and account receivables, enough to run its operations for more than a year even if it didn’t cut costs or sell a single iPhone.
And the left complained about such "hoarding of cash" and thought that there was something wrong with it. That taxing it away would not only allow the government to do more but would be healthy for the economy. It's not even a new idea for them it probably goes back as long as there is anything identifiable as the left or even much longer (what Bastiat called "the ancient ideas from which it <socialism> springs"), but they took concrete form in FDR's depression era "undistributed profits tax".
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