Isn't time to punish Apple for their excessive profits?
Apple made a second quarter profit of $7, 300,000,000. That is 100% over what they made one year ago.
Exxon Mobil made $10,700,000,000 in the first quarter, up only 70% over last year.
The government always paints Big Oil’s profits as unreasonable and ripe for taxation. They always have hearings and investigate the oil companies for some sort of wrong doing. They are the governments favorite bogeyman.
Problem is we really need oil.
Apple on the hand only makes cool little toys. You might be able to drive to work without your iPod. But their profits are starting to look mighty obscene, wouldn’t you agree? Is it time for a government hearing? Is it time for a windfall profit tax on Apple? Shouldn’t they be the governments second favorite bogeyman?
Isn’t time to knock down Apple down a notch or two?