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.