In a healthy economy, as far as that's possible in capitalism, corporations borrow money in order to invest, in R&D and/or expansion. But after 13 years of them being funded with newly printed money, they have large saving-accounts. The biggest offenders are Apple Inc. ($230 billion), Microsoft Corp. ($113 billion), Cisco Systems Inc. ($62 billion), Alphabet Inc. ($49 billion) and Oracle Corp. ($52 billion). Of course this money is stashed overseas as to evade taxation. Now, Apple also has some $90 billion in debt, which it uses to pay out dividends and I'm sure some of it is used for investments as well; using debt for these purposes is yet another way to evade taxes and is all perfectly legal. In total some $2 trillion were parked in overseas tax-havens in 2017; I'm sure that number has grown by now... Source: These are the 5 U.S. companies with the biggest overseas cash piles.
All this is of course horrific, and we badly need all this pointless money to be invested in what's good for humanity. For a fuller picture of what's going on watch the short interview with Yanis Varoufakis.
Dear @zyx066 , So what solutions can you offer to the problems we face?
Dear @zyx066 , So what solutions can you offer to the problems we face?