The Goliaths, The Economist, June 22ed,2013
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In December 2004 Microsoft paid a massive $33 billion dividend to its shareholders.
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The largest payment of its kind, it made up 6% of the increase in Americans' personal income that year.
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Examples of how big firms can have a big impact do not come much starker.
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These kinds of firm-specific shocks are typically excluded from economists' models, which assume that individual businesses' ups and downs tend to cancel each other out.
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