Apple is now richer than America

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Berethond

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Nov 8, 2008
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Hero in a half shell said:
Here's the news link: http://www.bbc.co.uk/news/technology-14340470

Basically Apple now have more reserve cash to spend than the USA:

Apple cash balance: $76.4 billion
USA cash balance: $73.7 billion
My cash balance: $ -19,000 (Damn you student loans!)


So what is Apple going to do with all that cash? What would you do with all that cash? They have enough to give every single person in the United States a quarter of a million dollars each, or give me $76.4 billion (fingers crossed!) In the article it called it a 'war chest' to aquire rival companies and patents.
It's pretty impressive, and slightly worrying that they could theoretically buy America, forcing everyone to wear white clothes with large Apple logos on them. They could take over from NASA! announcing The ishuttle. Half the features of a regular shuttle, but it's all controlled by one button, and has a nice shiny Apple logo on the back!

Just think, if the world ended tomorrow what a waste of money that would be.
They're not richer than America, and they definitely couldn't buy America.

They just have more liquid cash assets right now. Relatively meaningless.
 

The_Healer

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Jun 17, 2009
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I think this is a measure of people's collective vanity.

Seriously, Apple make nothing that is technically any better than its rivals...

But oooo look a shiny pretty thing lets buy it!
 

Averant

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Simalacrum said:
Hero in a half shell said:
It's pretty impressive, and slightly worrying that they could theoretically buy America
To be fair, if they did do that, they'd also buy the $15 trillion debt that America has, which Apple couldn't hope to pay off.

Actually....

The money the USA has: $73 billion
The money the USA owes: $15 trillion

.......and who said Capitalism works?
I think it works just fine. It's the government that doesn't work... -_-

I mean, really. They just voted to raise the debt cap again. But... it's the cap. It's the limit. It's there for a reason, to tell you when to STOP, that you're spending TOO MUCH MONEY. But then they just raise it and keep going...

What's the point of even having it?
 

Gwarr

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Mar 24, 2010
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In Other news , Apple just launched iSkynet today , it is said to solve all of USA debt.
 

Simalacrum

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Apr 17, 2008
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Averant said:
Simalacrum said:
Hero in a half shell said:
It's pretty impressive, and slightly worrying that they could theoretically buy America
To be fair, if they did do that, they'd also buy the $15 trillion debt that America has, which Apple couldn't hope to pay off.

Actually....

The money the USA has: $73 billion
The money the USA owes: $15 trillion

.......and who said Capitalism works?
I think it works just fine. It's the government that doesn't work... -_-

I mean, really. They just voted to raise the debt cap again. But... it's the cap. It's the limit. It's there for a reason, to tell you when to STOP, that you're spending TOO MUCH MONEY. But then they just raise it and keep going...

What's the point of even having it?
It works in theory, much like communism does. You look at the world today and how corporations have more power than the government, and it certainly doesn't seem to be working in practice.

And no, the US government is still split on the issue is it not? The Senate rejected the bill passed in the house of representatives.
 

Zeema

The Furry Gamer
Jun 29, 2010
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so i guess you could say

America is going Pear shape

YEAAAAAAAAAAAAAAAAAAAAAAAAAAHHHH
 

Hero in a half shell

It's not easy being green
Dec 30, 2009
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gamezombieghgh said:
Um that's not right, 76.4 billion divided by three hundred million is actually roughly $255 American, not 100 times that
UberaDpmn said:
Your math is horrifically wrong.

The US has a population of ~375 million. A billion is 1000 million, not a million million.

76,000,000,000 / 375,000,000 = 202

So each person in the US would get $202 (I think)

Not sure how you though they would each get $250,000 - how would Apple account for getting that much money off of each US citizen? Not as if each citizen is going to buy 25,000 laptops...
Whoops, in my defence a billion has 2 different values, the long scale, which is a million million, and the short scale, which is a thousand million. http://en.wikipedia.org/wiki/Billion
I just chose the wrong scale, silly me, but when you get to that amount of money it's pretty impossible to comprehend it.
 

Saltyk

Sane among the insane.
Sep 12, 2010
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I have a mortgage and a car payment, but I'm richer than the US right now.
I read once that a large chunk of Congress can't even get credit. Makes sense now, doesn't it?
 

Saltyk

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Sep 12, 2010
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Hero in a half shell said:
gamezombieghgh said:
Um that's not right, 76.4 billion divided by three hundred million is actually roughly $255 American, not 100 times that
UberaDpmn said:
Your math is horrifically wrong.

The US has a population of ~375 million. A billion is 1000 million, not a million million.

76,000,000,000 / 375,000,000 = 202

So each person in the US would get $202 (I think)

Not sure how you though they would each get $250,000 - how would Apple account for getting that much money off of each US citizen? Not as if each citizen is going to buy 25,000 laptops...
Whoops, in my defence a billion has 2 different values, the long scale, which is a million million, and the short scale, which is a thousand million. http://en.wikipedia.org/wiki/Billion
I just chose the wrong scale, silly me, but when you get to that amount of money it's pretty impossible to comprehend it.
I read recently in a newspaper that with 14 trillion dollars, you could buy everyone in the world a Macbook Pro. Just let that sink in.
It seemed pretty relevant at this time.
 

gabe12301

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Microsoft has been richer than this for years *trollface* but seriously everyone is richer than us. We have 1.4 trillion in debt
 

PatSilverFox

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Hedonist said:
A space program would be nice. We've gotta get off this rock eventually, and if we populate the universe, that would open up huge new markets for their products.
Also nearly infinite resources.
 

Exile714

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Feb 11, 2009
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Cash on hand is a worthless number. If there's a millionaire who left home without his wallet, and a homeless man meets him on the street with a dollar in his can, the homeless man's cash on hand is greater than the millionaire.

But for all those ragging on the US for their debt, here's something for you to chew on:

US debt: 14.3 trillion, 45,000 per citizen in USD.
Australia: 1.1 trillion, 53,000 per citizen in USD.
EU debt: 13.7 trillion, 28,000 per citizen in USD. (not bad!)
UK debt: 8.9 trillion, 144,000 per citizen in USD. (WHAT!)

China: 406 BILLION, only 303 per person in USD.

Countries with ZERO debt: Macau, Brunei, Liechtenstein, Palau. Good job guys!
 

Therumancer

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Nov 28, 2007
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Hero in a half shell said:
Here's the news link: http://www.bbc.co.uk/news/technology-14340470

Basically Apple now have more reserve cash to spend than the USA:

Apple cash balance: $76.4 billion
USA cash balance: $73.7 billion
My cash balance: $ -19,000 (Damn you student loans!)


So what is Apple going to do with all that cash? What would you do with all that cash? They have enough to give every single person in the United States a quarter of a million dollars each, or give me $76.4 billion (fingers crossed!) In the article it called it a 'war chest' to aquire rival companies and patents.
It's pretty impressive, and slightly worrying that they could theoretically buy America, forcing everyone to wear white clothes with large Apple logos on them. They could take over from NASA! announcing The ishuttle. Half the features of a regular shuttle, but it's all controlled by one button, and has a nice shiny Apple logo on the back!

Just think, if the world ended tomorrow what a waste of money that would be.
Well, to be honest the point of "hoarding" all that money is for the company to continue on as an institution/legacy in it's own right. If it gives it all to charities then by definition the money is gone and the company ceases to be that powerful, and a multinational corperation like Apple becoming more powerful than major nations has been an endgame for a lot of them for a long time, and the subject of various dystopian future novels like those written by guys like William Gibson, which in turn inspired works like Cyberpunk 2020, and Shadowrun.

Personally, I have mixed feelings about things. On principle I do not like the idea of punishing the rich for their success, and taking more money from them because they do better than everyone else. I do not agree with liberals who argue for "billionaire hunting" so to speak. at the same time I do find situations like the one with Apple kind of ridiculous, and I think provisions need to be created for situations like that, Apple uses the US Markets and honestly when the company is worth more than it's parent nation I think that's a good sign that Uncle Sam isn't demanding big enough of a cut.

Honestly though I think these numbers are also deceptive, and used for a political point, so it's probably irrelevent. The US budget is measured in trillions, the liquid assets right now are doubtlessly AFTER the US has spent it's budget on other programs like the military.

As far as the US goverment not funding the space program, and why it doesn't give it to private industry, people, especially those leaning left (the few that don't think it's a waste) miss a big part of the point. Going up into space represents a threat to various nations because you could be doing anything in the sky above their heads. It's possible to inspect satellites before launch to an extent, but guys going up in manned missions could be doing anything up there in theory, and modifying those satellites. As a result everyone is paranoid of everyone else's space prescence. Back when it was the USA and the USSR the "space race" seemed exciting, but I think people underestimate the paranoia it engendered, and with the Cold War open there is a lot of diplomatic action to prevent the richest nations from taking over space since it's not a situation where every people can have a piece of the sky. Not to mention the whole issue of what you put in orbit over a nation, and the right of a nation to consider space over their country part of their airspace (so to speak) and how to police it.

Do a search for China, Satellites, Lasers (the keywords) I've mentioned this before. you'll find that since 2006 China has been developing ground based lasers designed to blind satellites (like a computer guided laser pointer) and other things. China has also been developing a space program and there has been kind of a standoff between it and the US. One of the reasons why we haven't created a next-gen shuttle apparently is that if we do China is going to do more besides "develop" theirs and next thing you know we will be in an orbital arms race.

With all of this garbage between nations it's pretty obvious why nobody wants to let private industry up there on a serious level, since companies can basically become the pupppets/fronts for goverments easily. Besides you at least have some control/influance over goverments in most cases, you don't have influance over corperations who nowadays might be located all over the world. The US or China with missles in space might be able to be reasoned with to some extent, someone like Steve Jobs or Bill Gates with orbital death rays or missles is more likely to leverage them for profit, and would be far more difficult to stop. If say Apple said "The Jobstar now has radiation dispersers and missles armed with nuclear, biological and chemical weapons aimed at earth, all nations will now pay 10% of their GNP to my coffers. If they fail to do so they will be destroyed" folloed by Steve Jobs getting himself a thin mustache, a black cape and cowel, and marrying a new supermodel every other week using the same marriage vows from the end of Flash Gordan.... it's nice to say that the world would unite against him, but realistically that wouldn't happen since half the world would toady up to him, and really with Apple spread all over the world how do you actually attack it anyway without gutting the world and destroying it anyway before he could fire, not to mention how do you find out what mansion-bunker God-Emperor Jobs is actually in?

It sounds silly and I'm exagerrating for the sake of lame humor (and this is too long for a side point as well, I know), but the point is that people HAVE thought of issues like this and there are no real good solutions.

Incidently that is one of the reasons why I am such a bastard and talk about the need to unite the world under a single goverment. Something that could be done in part through the spread of ideas, but will also involve the eradication of entire cultures and the deaths of billions for the sake of the people that will come later. Simply put the future of humanity lies in space, and we need the resources (minerals and such) very badly as it is, mining the astroid belt is rapidly becoming a nessecity. I could go into all the reasons why, but the bottom line is that to get to that point we can't have seperate nations because as long as we do simple paranoia is going to mean that everyone is going to be afraid of what everyone else is doing up there. It's not a nice thing, but sadly that's just the way it is.

At any rate, I think the relative budgets are exagerrated, but still I think there does need to be some increased tariffs charged on companies like Apple in such a fashion that they can't just pass the price onto the consumers. It should be done through operations/sales/market taxes though for doing business in our markets, not in the sense of a general income tax. I think the US is generally too generous in the way we let big business use our markets, especially when it comes to foreign goods, and goods produced by US companies in foreign countries (which is largely what Apple seems to do).















Khada said:
It would be nice to see someone actually aim to make a positive change in the world instead of just hoarding money. All of it is worth absolutely nothing once your gone. Why not leave behind a legacy people will remember you fondly for? Go spend a few bil on rebuilding poor countries.
 

Vault Citizen

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UberaDpmn said:
The US has a population of ~375 million. A billion is 1000 million, not a million million.
I'd say that it depends upon the country but apparently Britain has changed to match the American number, naturally I am going to either ignore this or pretend it didn't happen.
 

The_Yeti

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I Hate Consoles and Mondays said:
Well, wouldn't the fact that America is in 14.5 trillion dollars in debt mean that your average mom and pop shop is richer than America?
Only if the Mom&Pop Shop wasn't in america, their money would be worthless as such. XP
 
Mar 31, 2011
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Shadow-Phoenix said:
Khada said:
It would be nice to see someone actually aim to make a positive change in the world instead of just hoarding money. All of it is worth absolutely nothing once your gone. Why not leave behind a legacy people will remember you fondly for? Go spend a few bil on rebuilding poor countries.
This is exactly what i've been stressing to a lot of my friends they don't understand the phrase "Everything goes back in the box" and i really am not big on the monetary system since all it's done throughout history is just create a bid divide on purpose of the rich and the poor and yet some say its a "necessary evil" when it really totally isn't because we don't want those that just horde the money and abuse it instead of doing better things like creating better improved technologies and products that actually last a lot longer instead of the "make the products last less so we make more money off you" bullcrap because that just leads back to money again which is a horrible greedy pointless cycle.
This is all fine and dandy in theory, but how would goods be made and sold without incentive? The whole world isn't going to go hold hands and make of the goods that we want. Why was the PC invented? Money. If you genuinely look at it,(almost) all the technology made is for money. We would have no reason otherwise. So yes, it is a necessary evil.
 

Lilani

Sometimes known as CaitieLou
May 27, 2009
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Hero in a half shell said:
However, if you take into account how much we are in debt, I think it's safe to say just about any third-world country you care to mention has more cash than us.