Libs have insured us corporate tax cut will lead to stock buyback but according to Bloomberg that isn’t the case. Only 16 percent has gone into buying back stocks and dividends saw an 11 percent boost.
Seems to me we were right. Reinvestment has increase drastically.
After months of heated debate over whether companies would hand the biggest tax break in three decades back to shareholders or reinvest it in their businesses, there’s finally some hard data.
Among the 130 companies in the S&P 500 that have reported results in this earnings season, capital spending increased by 39 percent, the fastest rate in seven years, data compiled by UBS AG show. Meanwhile, returns to shareholders are growing at a much slower pace, with net buybacks rising 16 percent. Dividends saw an 11 percent boost.
It’s good news isn’t libs? Are you glad you were wrong…or does this angers you?
It angers me that corporate expansion is being done on the backs of the taxpayers. +$4T worth on our national debt. And it angers me that in 2025 the burden on taxpayers will skyrocket, wiping out any and all tax advantages folks are getting now. And it angers me that this turd of a tax bill has done nothing to increase wages throughout the workforce.
How much do those automated machines you’re going for generate in wages?
The sad irony of this is that capital investment has not correlated well to individual earnings increases in the last decade. The labor market is about as tight as it’s going to get and wages are still not really going up.
One of things i’m seeing is lack of skilled workers…so in near future we will need training program. Specially if and when we move into specialty robotic production…or custom robotics.
People don’t want to change. They want to keep their same jobs that pay well and they want to keep them forever. Why do you think we’ve seen such a rigid desire to maintain jobs coal and steel industries when there are far more lucrative industries that these individuals could be shifting too? Don’t act surprised, this is part of Trump’s appeal to blue collar workers. You of all people would know that.
We both saw the blue collar workers lamenting the loss of their previous jobs and their concern over lack of options. You know I’m right but you’re uncomfortable with the way I’ve framed the issue because it reveals a weakness in the economy that we aren’t addressing.
