thanks for the tax cuts! corporations are investing in themselvesFrom: firstname.lastname@example.org
The Dictator's Handbook
Feb 27 2018 16:32:13
On Fri, 16 Feb 2018 22:13:25 +0200
RS Wood <email@example.com> wrote:
On Tue, 12 Dec 2017 13:07:36 -0600
JAB <firstname.lastname@example.org> wrote:
On Tue, 12 Dec 2017 13:46:57 -0500, RS Wood <email@example.com>
Here's part of the problem...check out Louise Linton's photo here
I know the goal here was to point out the Reps are going to be forced
to print money, but I just keep looking at that picture and thinking
what a hottie that nasty, aristocratic bitch is.
Mnuchin, on the other hand, looks like what he is: a douche.
Tax cuts are a done deal, and the results are in: American corporations
are taking advantage to spend money on themselves, not on hiring more
Americans. Never saw that one coming!
President Trump promised that his tax cut would encourage companies to
invest in factories, workers and wages, setting off a spending spree
that would reinvigorate the American economy.
Companies have announced plans for some of those investments. But so
far, companies are using much of the money for something with a more
narrow benefit: buying their own shares.
Those so-called buybacks are good for shareholders, including the
senior executives who tend to be big owners of their companies’ stock.
A company purchasing its own shares is a time-tested way to bolster its
But the purchases can come at the expense of investments in things like
hiring, research and development and building new plants — the sort of
investments that directly help the overall economy. The buybacks are
also most likely to worsen economic inequality because the benefits of
stocks purchases flow disproportionately to the richest Americans.
The tax overhaul is the cornerstone of Mr. Trump’s economic plan. It
has been a big win for companies, offering lower corporate rates and a
permanent break on overseas profits. Warren E. Buffett said in his
annual letter to investors on Saturday that his company, Berkshire
Hathaway, enjoyed a $29 billion gain thanks to the new tax law.