>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.
money.cnn.com