RE: AP says 90% of Workers get Tax Cut
February 2, 2018 at 2:38 pm
(This post was last modified: February 2, 2018 at 2:40 pm by The Industrial Atheist.)
(February 2, 2018 at 2:21 pm)Neo-Scholastic Wrote:(February 2, 2018 at 2:05 pm)Brian37 Wrote: So?
The RATIO that the top gets, negates the crumbs the rest of the bottom two classes get. THAT is the SCAM Reagan started and the GOP has sold ever since.
What exactly do you think the people at the top do with that money? Horde it in a vault like Scrouge McDuck? They invest it in businesses and ventures that provide jobs and build the wealth of nations. Have you ever job from a poor man?
https://www.cnbc.com/2018/01/24/us-firms...-says.html
"We really don't know what the impacts are going to be, but it appears right now what companies are going to do is provide bigger dividends, they're going to do stock buybacks, make more acquisitions, and I think the amount of cash in the U.S. will probably inflate the economy a bit," Rubenstein told guests at Davos during a panel entitled "The Next Financial Crisis" on Tuesday.
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Buybacks happen when firms buy their own shares trading on the stock exchange, reducing the portion of shares in the hands of investors. They offer a way to return cash to shareholders — along with dividends — and usually coincide with a company's stock pushing higher as shares get scarcer.
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https://theintercept.com/2017/12/19/tax-...epublican/
It really all depends on if it happens and when it happens and how we would spend it. Cash is fungible. Right now, we’re thinking it might not happen until 2019, so obviously we are using internally generated cash in 2018 to invest in the business and return capital to our shareholders. If it were to happen in 2019, we might use the tax — cash tax savings to invest in the business and then use — generated cash to back buy [sic] shares, it’s all fungible. The point is, we’re going to generate a lot, we may get some from tax reform and we will use it. We will invest back in the business, and we will return it our [sic] shareholders.
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By “return it to our shareholders,” she is referring to a buyback, which drives up the price of a stock and can come with dividends as well. Typically, executives hold much of their wealth in company stock, and their compensation is tied to the performance of the shares.
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