Microsoft Corp., founded by Bill Gates, the world’s richest person, had more cash, with $90.2 billion at the end of 2014. The last time the Redmond, Washington-based software company reported an annual drop in its cash on hand was 2007.
Uber Technologies Inc., a ride-sharing company, isn’t publicly traded. Founder Travis Kalanick made the Forbes list of the 400 richest people in the U.S. last year, ranked 290th, with an estimated $3 billion net worth.
In the interview, Obama emphasized the populist themes he’s invoked more often since Democrats lost control of the Senate in November’s midterm elections.
He urged shareholders to be more active in seeking to improve prospects for workers in the U.S. and abroad, saying the era when a company was closely rooted to a community and compelled to invest in people and institutions has ended.
Obama said globalization and a focus on quarterly profits have forced the government to play a bigger role in making sure there’s a safety net for individuals.
Obama Says Wealth Accumulation Speaks To Need For Tax Shift
February 9, 2015
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It has nothing to do with 18 billion vs 20 billion. We have under 100 billionaires in the whole country. The tax changes Obama wants effect even the upper middle class who are the backbone of the country. I'm fine with cutting out the employee's contribution to FICA as an example which helps the middle and lower middle class, but raising the tax on capital gains on the upper middle class or someone who has one shot at selling a business they've worked thirty years in growing is just bad policy.