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A third of cash is owned by 5 U.S. companies
- sharemywin 10y agogood thing they aren't dumping it back into the economy it would cause massive inflation.
- rrggrr 10y agoCombine this with the unprecedented excess reserves held by US Banks on deposit with the US Fed and you have an economic atrocity. Money's movement through the US economy, in the form of investments that create jobs and opportunity, is a necessity. That those same funds sit idle in US Treasuries, corporate bank accounts (see excess reserves), and offshore is a tragically inefficient and possibly even unjust allocation of capital. I'm no fan of corporate taxes and/or tax holidays, but this is the strongest case I've seen for urgent tax policy intervention to free up sequestered cash.