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Tech Giants’ Obscene Pandemic Profits Are Begging to Be Taxed

America’s economic overlords offered their first-quarter earnings reports yesterday, and the news is, as expected, good for Silicon Valley. Beyond good, in fact. The country’s tech industry is taking in unprecedented amounts of money—“bonkers dollars,” as The New York Times described it. Facebook doubled its profits; Microsoft increased its cloud business revenue by 50 percent; Apple’s iPhone sales boomed from about $29...