"Here's How America's Biggest Companies Are Spending Their Trump Tax Cuts"

[cawacko]

This is why Trump loves the "poorly educated." Few of those morons who voted for him understand the slightest thing about the economy, economics in general, how the stock markets operate, etc. Nor do they care.

Hopefully the uber wealthy CEOs, shareholders, and investment bankers will hire a few of them as their nannies, gardeners, drivers, and housekeeping staff.

Now granted I didn't vote for Trump but I'm still a Republican. So I ask you this in terms of economics and the economy since you are a Bernie voter and I would assume you believe you understand economics and the economy.

How can the government guarantee a job for everyone at $15/hr plus benefits? How would that actually work?

[ThatOwlWoman]

Now granted I didn't vote for Trump but I'm still a Republican. So I ask you this in terms of economics and the economy since you are a Bernie voter and I would assume you believe you understand economics and the economy.

How can the government guarantee a job for everyone at $15/hr plus benefits? How would that actually work?

It can't; that is one of Bernie's pipe dreams. OTOH, we can and should implement one of his other ideas -- Medicare for all. In exchange for paying for it by raising taxes on the employers to cover it, they in turn would be allowed to drop health insurance coverage for their employees unless they wish to offer supplemental plans as a hiring incentive. They win, we win. We also need to rein in the pharmaceutical companies and their price gouging. The outcry from the cons on that is always "But that will stifle the R&D for new drugs!" Funny how it doesn't work that way in other civilized nations, does it?

[Getin the ring]

It can't; that is one of Bernie's pipe dreams. OTOH, we can and should implement one of his other ideas -- Medicare for all. In exchange for paying for it by raising taxes on the employers to cover it, they in turn would be allowed to drop health insurance coverage for their employees unless they wish to offer supplemental plans as a hiring incentive. They win, we win. We also need to rein in the pharmaceutical companies and their price gouging. The outcry from the cons on that is always "But that will stifle the R&D for new drugs!" Funny how it doesn't work that way in other civilized nations, does it?

you truly can not, can absolutely not be this clueless ^^

[evince]

"Here's How America's Biggest Companies Are Spending Their Trump Tax Cuts (It's Not on New Jobs)"

"The Trump tax cuts, which slashed the corporate tax rate from 35% to 21%, boosted corporate profits overnight for many big firms. Combined with the new provision that caused U.S. companies to repatriate billions in overseas earnings, many companies are awash in cash."

"We’re starting to learn what America’s biggest companies are doing with the huge windfalls from President Donald Trump’s tax cuts. And the answer is great for investors – but not so great for workers."

"That’s because many companies are returning huge portions of their billions in tax savings to shareholders in the form of share buybacks and dividend increases — not necessarily new hiring and investment."

"Companies are on track to plow a record $1 trillion into boosting dividends and buying back their own stock this year, says Howard Silverblatt, senior index analyst S&P Dow Jones Indices."

http://time.com/money/5267940/compan...22%3a%22%22%7d

Amazing how major companies' CEOs told the Administrarion beforehand this is exactly what they intended to do with the additional cash rather than reinvest it in their companies and workers, yet the Administration's rhetoric centered on jobs and benefits to the middle class

Just another reality proving the hypocrisy of the "trickle down" fallacy GOP leaders sell their base every decade even though it has been exposed as bogus in practice, and the lemmings, who are actually hurt the worse with its actuality, eat it up

after this idiot trump


the rightwing lies will be next to dead


they screwed the pooch

[Gotcha68]

you truly can not, can absolutely not be this clueless ^^

Calling someone clueless while not explaining why they are clueless is...pointless.

[CFM]

They really believe that The Apprentice was real, eh? Hahahaha.

You thought electing an unqualified black guy as President was a good idea.

[archives]

How do stock markets operate? Do they punish firms who buyback shares and increase dividends? Do they reward firms that increase CapEx?

It is not about the stock market, this was sold as a "jobs act," the rhetoric implying job creation and wage growth. The Administration was told beforehand by major CEOs that this was not the way they intended to employ the money, yet the Administrarion and GOP continued along using the same old trickle down promises of wage growth and job production

[cawacko]

It is not about the stock market, this was sold as a "jobs act," the rhetoric implying job creation and wage growth. The Administration was told beforehand by major CEOs that this was not the way they intended to employ the money, yet the Administrarion and GOP continued along using the same old trickle down promises of wage growth and job production

She brought up the stock market, hence my post to her.

I responded to your post already.

[archives]

Are the biggest companies the only firms that create jobs in this country? They're not. Small businesses are the economic engine of our country. Small businesses create the most jobs. So you're the one getting suckered and don't know how the economy works if you think everything is driven by a handful of large firms.

Well considering middle class wages have not increased across the board it looks like even your small businesses aren't following the trickle down theory.

[cawacko]

Well considering middle class wages have not increased across the board it looks like even your small businesses aren't following the trickle down theory.

The idea behind tax cuts and tax reform isn't just the next quarter you have explosive growth. If we're bringing out a scorecard that's not how they are graded.

Being a liberal you don't like these type of tax cuts period. Fair enough. You believe the government should collect more revenue and have a greater say in how money is spent and dispersed throughout the economy.

[cawacko]

It is not about the stock market, this was sold as a "jobs act," the rhetoric implying job creation and wage growth. The Administration was told beforehand by major CEOs that this was not the way they intended to employ the money, yet the Administrarion and GOP continued along using the same old trickle down promises of wage growth and job production

If you want to answer for her though folks like you and her have spoken about how well the stock market did while Obama was President. Stock buybacks and dividends hit record highs under Obama. So how can you celebrate the stock markets ascension in part because of buybacks yet now complain about it? That's just holding a position based on partisan convenience.

[CFM]

It can't; that is one of Bernie's pipe dreams. OTOH, we can and should implement one of his other ideas -- Medicare for all. In exchange for paying for it by raising taxes on the employers to cover it, they in turn would be allowed to drop health insurance coverage for their employees unless they wish to offer supplemental plans as a hiring incentive. They win, we win. We also need to rein in the pharmaceutical companies and their price gouging. The outcry from the cons on that is always "But that will stifle the R&D for new drugs!" Funny how it doesn't work that way in other civilized nations, does it?

Medicare for all is one of Bernie's pipe dreams.

Typical left winger that hasn't met a tax they didn't want to raise.

[cawacko]

It can't; that is one of Bernie's pipe dreams. OTOH, we can and should implement one of his other ideas -- Medicare for all. In exchange for paying for it by raising taxes on the employers to cover it, they in turn would be allowed to drop health insurance coverage for their employees unless they wish to offer supplemental plans as a hiring incentive. They win, we win. We also need to rein in the pharmaceutical companies and their price gouging. The outcry from the cons on that is always "But that will stifle the R&D for new drugs!" Funny how it doesn't work that way in other civilized nations, does it?

That will never happen. You can find liberal sites like The Nation that support single payer that write why medicare for all won't happen. Leaving aside the astronomical costs that would sabotage it you have to eliminate all private insurance. We saw the blowback to "if you like your plan you can keep it" imagine the response when all the seniors who have supplemental private care can no longer get it.

There's a reason Bernie's plan is very light on details and its because of costs and the what it would entail to transfer from our current system to medicare for all.

[Nordberg]

What makes a company hire is inability to keep up with demand. Giving more money to corporations, who are already having highest profits of all time, is just trickle up economics. They are buying back stock because they do not need more employees. That stock makes execs much richer.

[cawacko]

What makes a company hire is inability to keep up with demand. Giving more money to corporations, who are already having highest profits of all time, is just trickle up economics. They are buying back stock because they do not need more employees. That stock makes execs much richer.

This is funny. "Oh look at the stock market under Obama, it was so great!" Now: "It's bad that stocks are going up because businesses are bad"

Funny how quickly the anti-business rhetoric resurfaces.