The United States is home to some of the world's largest revenue-generating multinational corporations, represented by companies such as Apple, Meta, Alphabet, Berkshire Hathaway, and Microsoft. The average person has no idea how big these behemoths are, of which, using the fiscal year of 2024, we find that Apple had revenues of $391 billion and a profit of an astonishing $93.7 billion. Again, this is just for one fiscal year. As a reference point, when we look at just the profit of Apple, there are only six State governments that have a fiscal budget exceeding Apple’s profit. What does this mean? It means that Apple, along with the other multinational companies so noted, has so much money that they are going to get whatever that they want from any State government, with little or no pushback, because Apple has the power and influence to get its way. That is to say, these billions in profits, are the very same, which are going to have an undue influence upon governmental policies, unless that government of, for, and by the people actually makes it their point to do right by the people by doing what needs to be done to see that companies such as Apple aren’t able to run roughshod over our governmental policies and regulations, or have such subsumed essentially by Apple.
Maybe, though, you're of the opinion that what is good for Apple must be good for the country, and from a simplistic standpoint, this would seem to be a reasonable position to take. However, because we are talking about nearly $400 billion in sales, and nearly $100 billion in profits, it has to be admitted that whatever that Apple is doing and getting, that it must in the scheme of things, favor Apple and its policies, which thereupon means that other smaller enterprises, less well known, or just being birthed, are getting the short end of the stick.
Look, money matters, and those that have to answer to their Board of Directors and their stockholders, don’t have much of a choice but to keep on increasing their revenue and profit, or else their stock price will have a strong tendency to fall, which isn’t good for those who have a substantial investment in Apple or similar. This signifies that even if there are voices within Apple that desire to be more reasonable when it comes to wages, so being paid to the multitude of subcontractors that they utilize in foreign countries, or other things, that those voices are simply going to be drowned out.
So too, Apple isn’t going to be permit itself to be “overtaxed” by this government, but will instead do everything in its power to see that their taxes are minimized, which is why they have lobbyists, tax attorneys, and CPAs dedicated to such, because monies that go from Apple to the tax authorities means less money at Apple, proper. In short, these mega corporations of today, are so profitable and so powerful, that in many aspects those that are part of the government, desire to accommodate these entities, as opposed to examining them, and thus not bothering to investigate whether they fairly play the capitalistic game, which does not appear to be the case, presently, because this government doesn’t seem to desire to pushback upon these mega corporations, whatsoever, and arguably are endorsing them as good for America, when in actuality, they are mainly good for those that have serious money in them, in play.