Economically, that's irrelevant. What we want is for capital to flow towards people with good ideas on how to invest it. It's not incredibly important whether

Economically, that's irrelevant. What we want is for capital to flow towards people with good ideas on how to invest it. It's not incredibly important whether this happens by: One: Apple making a ton of cash, and investing it in a great idea their CTO had. Two: Apple making a ton of cash, returning it to investors, who invest it in a great idea some startup's CTO had. Three: Apple making a ton of cash, investing the cash in the markets, borrowing a ton of cash on the markets, and investing that cash in a great idea their CTO had. Four: Apple making a ton of cash, investing the cash in the markets, borrowing a ton of cash on the markets, returning it to investors, who invest it in a great idea some startup's CTO had.