The PJ Tatler

Apple is Doing Something Our Government Could Learn From

According to Business Insider, Apple has more cash on hand than the US government does.

According to the latest daily statement from the U.S. Treasury, the government had an operating cash balance of $73.8 billion at the end of the day yesterday.

Apple’s last earnings report (PDF here) showed that the company had $76.2 billion in cash and marketable securities at the end of June.

In other words, the world’s largest tech company has more cash than the world’s largest sovereign government.

That’s because Apple collects more money than it spends, while the U.S. government does not.

Apple spends less money than it takes in. Imagine that!

Of course, there is a difference between Apple and our government that’s worth noting. Apple makes things people want, and is run by smart people who know how to turn a profit. The government is apparently run by imbeciles who have no clue about basic economics.