No business makes decisions based on the GDP growth rate.
None.
But businesses make plenty of decisions based on their share price.
DJI has gone up nearly 2000 points in the last month
- Thread starter cancel2 2022
- Start date
No business makes decisions based on the GDP growth rate.
None.
But businesses make plenty of decisions based on their share price.
But that's not what you all promised.
You all promised wage increases of $4,000-$9,000.
You all promised the tax cut would pay for itself.
You all promised companies wouldn't take their after-tax profits and just buyback stock.
You all made promises you couldn't keep.
Airstrip One
Completely Effed
That's because you don't understand GDP, and a single stock is not representative of the index it is listed under.
Airstrip One
Completely Effed
Tax revenues are up, along with spending. Take-home pay is increased after the tax reductions.
No, you don't understand GDP.
You seem to think it directly impacts business decisions...it doesn't. The share price does.
Are they?
Because according to Tax Foundation, the rate of revenue growth for 2018 was less than 1%.
And tax revenues grow every year. The only years they don't are during recessions, and immediately after tax cuts...like what happened from 2001-2004.
Airstrip One
Completely Effed
Revenues were up after those tax cuts, as well. They just couldn't keep up with the rate of increased spending, just as now.
Airstrip One
Completely Effed
I have given you multiple opportunities to quote where I stated this. You should quit your lying. I stated that when GDP is healthy, workers have already benefited from higher employment numbers, wages, and benefits.
cawacko
Well-known member
Exactly. When growth is strong and workers are in demand workers are in a much better position to receive wage and benefits increases.
Not really...and not when placed in the context of other years.
Tax revenue usually rises each year anyway...what we are talking about is the rate at which it rises. In some cases, after tax cuts, revenue is reduced (as it was from 2001-2004), or revenue growth is reduced to a rate below inflation (1% for 2018)
Nope. Wrong. Tax cuts reduce revenues and create deficits, like what happened after the Bush Tax Cuts.
GDP has nothing to do with direct business decisions. And it's not even that great an indicator of the state of the economy, either.
So...why no wage or benefit increases in 2018, then?
The GOP tax bill only gave workers 2 cents more per hour in bonuses
https://www.vox.com/2018/12/18/18144509/tax-cut-bill-workers-bonus
So there goes your shit argument, cawacko.
Airstrip One
Completely Effed
Yes, it does. The accumulation of business decisions throughout an economic quarter are reflected in the GDP.
From your own link you mental fucking midget.
The left-leaning Economic Policy Institute recently crunched compensation data from the Bureau of Labor Statistics, showing that the much-touted bonuses did little to boost workers’ paychecks. In the past 12 months, cash bonuses only gave workers an extra 2 cents in average hourly compensation, adjusted for inflation. (This does not include bonuses tied to productivity goals.)
cawacko
Well-known member
Your ignorance knows no bounds
That's really great for all of you who just got in the market last month ...
Want to try again ...
You should strive to be more than just average. You should strive to not be a failure. Average would be an improvement for you.