Quote:
Originally Posted by
walrus
Quote:
Originally Posted by
Kirkland Laing
http://oi66.tinypic.com/5djuhs.jpg
Here's what actually happened once the tax cut bill was signed. Remember this tax cut was going to help workers. The corporations concerned were going to pass that tax cut onto their employees. Amazingly it didn't work out like that. It worked out exactly like all the previous corporate tax cuts did. Candidate Trump got elected by saying, quite correctly, that the economy was rigged against the American worker and he was going to fix it. Instead he's rigged it even further in favour of the tippy top people.
stick buy backs are not a new phenomenon. If Apple didn’t do stock buybacks they would need to be six times physically bigger than they are. Buybacks in themselves are not purely bad. Not every American actively buys stocks but buybacks help with 401k and other retirement vehicles. We have been through this 100 times. I’ve already said I wish more of the money has been put back out. I said from the beginning I wish some legislation could have been written saying that the tax cuts must direct some percentage into reinvestment but I don’t know if such a thing can be demanded by government. I know under the 8 years of obama which saw the market do very well with the fed loading up its balance sheet and giving money away the market did not translate to anything different. Unemployment has gone down, we had one of the highest corporate tax rates in the western world which didn’t help things but you keep on hammering the same point I’ve already told you I agree with to an extent but I guess that doesn’t matter, you don’t conversate you troll. I don’t focus on deep state or that group that was releasing info saying this would happen etc, I forget the name right now but if you deny media bias against trump u are blind. Nothing has changed for years as no politician has wanted to take a chance with short term pain for possible future gain. Trump is not the greatest but he didn’t create any of these messes we have. No matter who is in office we are always facing a possible future recession or war. I think Trump does play a dangerous game when he touts how well the market is doing. Reagan learned that lesson. He just left it as it went up since i was in office. I just don’t get your hatred or inability to look at things through any side other than hate which is why I chalk you up to trolling. Emails fluttered with activity from podestas account just prior to trumps grab em but the pussy clip release and a CNN team just happened to be outside Stones home during the SWAT raid, yes, they used SWAT to arrest stone. Could it all have been coincidence and timing, perhaps. All these fake news articles popping up that u jump right on is it all just poor journalism, maybe. Hillary colluding with Russia for the Steele dossier which although no action was taken by Comey to validate but used for FISA ah it could all be nothing. Finding the Russian troll farms were posting both pro trump and pro Hillary then anti trump and anti Hillary news that doesn’t matter right. You can not and will not be objective, you should work for a Russian troll farm or CNN, wait, you probably do. So go post the same old graphs but remember you need to change your narrative a bit cause Trump is now trying to start a war with Russia as he is backing out of a treaty that’s been around since Reagan so now he is for no reason at all trying to start a war with Russia. Maybe he wants to take Putin out so Putin can’t testify against him. Post a few graphs on that cause it shows again how he has been working with Russia since the USSR days and is a foreign agent, but wait, the non existent trump tower in Moscow proves it right. Mueller lying before Congress now arresting everyone for lying to Congress. You think this is bad, wait till Ruth Bader Ginsberg has to step down. Sexual harassment charges are already being prepared for who ever he appoints next or the impeachment shit will go into overdrive. At least we have Keith Ellison running for President, like obama another buddy of Farrakhan. What a joke. You are a joke
This is just you parroting a load of random nonsense you've half remembered from the talk radio idiots you listen to. The point you make about buybacks is irrelevant. The Trump tax cut was sold as a tax cut that would mean employers would pay their employees bigger wages. It hasn't happened. Neither has there been any increased investment by the corporations.
That's because the whole thing is ass backwards. You do not get increased investment by giving corporations more money. You get it by increasing aggregate demand in the economy (putting money in the pockets of the 99 percent), then corporations have an incentive to invest some of their record profits (record even before the tax cut) into catering for/supplying this increase in demand. That's the way economies have worked since their advent.
But since Reagan the idea that you give incentives to the supply side of the economy and this will create investment and prosperity has been proved wrong endlessly over forty years now. All it does is create bigger corporate profits and an unbalanced, some might say "rigged" economy. That's why corporations are sitting on record profits and trillions of dollars and have nothing to invest it in (because demand is slack because American workers don't have any increased level of money to spend) but buy their own shares back, enriching their stockholders and their executives who get paid according to how well the stock price is doing.
It's really quite simple. If you read this through enough times you'll be able to understand it.
Also notice the paragraphs, punctuation and grammar. You could give it a go. If you're going to parrot a load of old rubbish you could at least present it well.
