Why Are Corporations Hoarding Trillions?
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In this article from The New York Times, the author delves into the reasons behind the hoarding of trillions of dollars by corporations. The article explores how companies like Apple, Microsoft, and Google have amassed enormous amounts of cash reserves, far beyond what they need for day-to-day operations. It discusses the key factors contributing to this phenomenon, including tax avoidance strategies, uncertainty in the global economy, and the desire to maintain flexibility and financial security. The author also examines the potential consequences of this corporate cash hoarding, such as reduced public investment and slower economic growth. Ultimately, the article sheds light on the complex motivations and implications of corporations holding onto vast sums of money.