Pay Up, Friedman
“There are many reasons Apple has not spent its cash hoard, but I’ll bet anything that one of them is the uncertain economic and tax environment in this country.” —The Mustache of Understanding, proudly displaying his utter ignorance of Apple’s history of recovering from a near-bankruptcy, high profit margins from skyrocketing gadget sales, and famous practice of not spending that mushrooming cash hoard unless there’s a damn good reason. Oh, and that American manufacturing plant they’re planning to open this year. [NYT]
Yeah, remember all those decades when we had total certainty about the economic and tax environment out the yin yang.