Lmao I thought drumpf was on the side of the little guy?
>be drumpf >tell morons cutting taxes on the rich and corporations will create jobs >they literally just buyback shares, making themselves even richer
>The Republican tax cut created a windfall for Corporate America. The legislation slashed the corporate tax rate to 21% from 35%. It also gave companies a tax break on foreign profits that they return to the United States. >That's because the top 10% of households owned 84% of all stocks in 2016, according to research from NYU professor Edward Wolff. >But shareholders are coming out far ahead. TrimTabs notes that the $436.6 billion of buybacks announced during the second quarter would have paid for a $1,000 bonus check to be sent to 6.8 million workers — every single trading day.
>people who don't actually pay taxes expect a tax cut Sage this shit bait.
Jayden Bailey
>being this retarded
The rich and corporations benefitted overwhelmingly from this.
Jaxon Green
>he doesn’t believe in trickle down economics You do realize the average welfare recipient today lives a life of luxury so incredible no king 300 years ago could even dream of it, right?
Our corporate tax rates are still higher than Europe's. It has made us a more global player
Ian Peterson
sage no, nobody actually thinks neoconism is a viable economic platform, and nobody thinks Trump was more than a stepping stone >muh voting against muh economic interests >ur all cut and paste republicans lmao we deserve a better class of bait
James Jackson
The rich disproportionally pay more taxes so it makes sense that this would happen
Fag
Nicholas King
How the hell did this end up in this thread?
Liam Moore
>CNN as a source
I cannot treat you seriously. sage
Gavin Baker
>people in 2018 have a higher standard of living than in the past
Lol libtards BTFO xD
>muh safe space
>rich and corporations get a bigger slice of the pie
>vast majority used on share buybacks >all that cash isn't sticking around in (((portfolios))) >some gets reinvested by shareholders, some gets injected into the economy >end result is still better than what you're implying
you have to understand that corps look at wages as fixed costs--and tend to keep it fixed for as long as they can, there is no reason for them to unnecessarily give out cash to workers
Austin Williams
user or not, I would be ashamed to admit that I owned zero stock.
Carter Mitchell
aren't their cuts permanent?
Isaiah Russell
>A tax cut didn't help me because it helped other people more.
Stop crying about how rich people spend their money and be happy with paying less taxes. Nothing is ever good enough for you faggots.
Easton Young
So, that's what? 20, 30, 50 billion in less taxes? All that money is still invested in stocks, freely available for companies to expand, build shit, hire people, and make things cheaper. Probably only 0.5% or so is being siphoned off for yachts.
Brandon Perry
This level of delusion. Keep sucking that corporate cock.
Jeremiah Allen
Corporations are only evil if they are closely relating to the government. So banks, utility companies, defense contractors, and drug/medical companies. Everyone else is pretty okay, except that our tax code has separate rates for everyone, just make it a flat 10% on profit.
John Sullivan
>1 post by this ID >a percent of a bigger number is a bigger number than the same percent of a smaller number Let me guess, you don’t understand per capital either...
Ayden Howard
Tax cuts give middle class families thousands more each year. But sure it doesn't help them
Sebastian Walker
My taxes were cut and I benefited from share buy backs as a shareholder. I'm in the middle class. Why don't these commie fags care about me?
William Campbell
Tax cuts benefit people who pay taxes? Who knew?
Tyler Myers
You're a retard OP. When a company guys back its shares it is investing in itself. The shares can later be sold for money at a later time. It's the equivalent of a company paying off its mortgage or credit cards and creating equity. So the shareholders were paid off and the company is less beholden to shareholder votes. It's a good thing when a company can invest in itself like this.
Luis Torres
Unfortunately people aren't taught business/stocks/economics in school anymore so the default reaction (for a large portion of the population) is that businesses are all evil and anything involving stocks must be bad/illegal. These people have no understanding of things like liquidity, capitol, investments, hourly wages vs total income with benefits, etc. Only a fraction of the population knows what a P/E ratio is let alone more technical details like book values vs actual. Unfortunately there are even fewer ways to teach someone about this stuff as all financial advise is overrun with crypto scams/pump and dump schemes as most people would quickly get bored of actually looking through 100 page spreadsheets to actually know what they're looking at. Heck most Jow Forums threads are people trying to promote their crypto (crypto and other scams need to be removed from Jow Forums in order for it to ever return to any useful form, and I really wish it was a place to go for actual business stuff again)
Noah Cook
stocks are public companies dipshit. they are owned by the public. everyone that owns shares benefits from a buyback.
Nicholas Lee
Why didn't their parents teach them? Also college teaches that stuff.
Eli Baker
>CNN article >Obvious lefty shill,most likely communist, who has no idea how finances or investments work. >Probably living in basement with mommy and abdul. Completely disregarded.
Thomas Baker
You can benefit from it, too. Start a business. Buying stocks isn’t exclusive to corporations kek.
Samuel Nguyen
>he doesn't invest >doesn't have a 401k >doesn't have HSA >doesn't own precious metals Why are you so bad at preparing for the future user?
tax cuts had a greater effect on people who pay the most tax? well fuck my ass and call me charlie!
Jacob Mitchell
The tax rates went down significantly for individual tax payers and we have double the standard desuction. It’s really not hard to see the benefit unless you’re a total moron or a shareblue shill. So which are you OP?
Colton Stewart
*deduction
Chase Roberts
>they literally just buyback shares, making themselves even richer
Stupid Xe, stock buybacks enrich all the holders of the corporates shares, creating more dilutes, less concentrates.
