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allnamestaken1968 t1_j29nf2i wrote

Reply to comment by GangNailer in [OC] Apple’s cash flow statement visualized by giteam

This is however not how business works. I am pretty sure Apple Pay’s pretty well. As for r&d, they spent a shitload already. And you don’t want to start another series of conglomerates like we had in the 70s and 80s, when utilities owned malls and rental car companies. That’s not good for anybody. Lastly, you would also have to stop special dividends, which is not not going to happen. Basically buybacks are a good way to return to cash to shareholders to reinvest in other companies.

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GangNailer t1_j29red0 wrote

Explain to me how giving higher wages supports giving conglomerates more power?

I mean how come whenever the little guy gets money people are sooo pissed off. But when we call out the rich people misusing their wealth it's okay, because they "know" how to spend money "better"

I Mena the little guy already gets punched down at. Punch up for God's sake. Shareholders = the wealthy

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allnamestaken1968 t1_j2a6e4k wrote

That’s not what I meant. Sorry. Obviously that would work - but in the end, it’s a market for labor. I am for minimum wage $25 plus inflation - but that wouldn’t change this as nobody at Apple makes that little (well, maybe some janitors, but not enough to change this picture). Companies will be profit/cash flow maximizing under the rules allowed. A cash machine like Apple will always generate more cash than they can reasonably invest in new businesses

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