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Do you have a 401k? Mutual funds? Pension? IRA? Investments? If yes, you own those companies!
I do have retirement plans. Should I be jumping for joy at my small egg getting slightly bigger, while a select few make BILLIONS while neglecting to reinvest in their businesses? You're telling the 90% to be happy it got scraps.
I do have retirement plans. Should I be jumping for joy at my small egg getting slightly bigger, while a select few make BILLIONS while neglecting to reinvest in their businesses? You're telling the 90% to be happy it got scraps.
You act as if these companies should be sending you checks for the money they earned.
Stock buybacks IS reinvesting in their company by increasing the value of their stock. Increased value leads to bigger loans down the road should they want it and a better credit rating.
100 million people are not all in the top brackets.
I'll make the same suggestion to you... Eliminate all public employee pensions if your belief is so strong that ordinary Americans don't benefit from share value appreciation.
Some only have a few thousand dollars invested in the stock market, not exactly a windfall but those at the top sure benefitted. Completely eliminate pensions and rely on stock market returns? Stock market returns were not the selling point for the Tax Reform Act, it was supposed to increase GDP, pay for itself and bring back manufacturing and promote business investment in facilities.
Similar happened when GW Bush allowed tax breaks to repatriate overseas wealth for American companies, it mostly went to stock buybacks and executive compensation.
I do have retirement plans. Should I be jumping for joy at my small egg getting slightly bigger, while a select few make BILLIONS while neglecting to reinvest in their businesses? You're telling the 90% to be happy it got scraps.
The alternative is your small egg not growing in value at all. Is that what you want? That 100 million people will have no growth in value in their pension plans and retirement accounts? And that as a result they'll be plunged into poverty in retirement, having only Social Security as their sole source of income?
Here's what many of you don't understand... Investments are like placing bets. More risk = more reward.
Easy illustration of that fact? Bet on the first place Kentucky Derby horse to win. 5 to 1 final odds.
Person A: $2 bet payout is $12 ($10 + $2 original bet)
Person B: $2,000 bet payout is $12,000
Person B bet $1,998 more than person A, but has a $11,988 higher payout.
You act as if these companies should be sending you checks for the money they earned.
Stock buybacks IS reinvesting in their company by increasing the value of their stock. Increased value leads to bigger loans down the road should they want it and a better credit rating.
You are trying to communicate with people (mostly those on the left) who have no financial or economic sense whatsoever. I doubt they will ever be able to comprehend the reality of what you're telling them. /sigh
Some only have a few thousand dollars invested in the stock market, not exactly a windfall but those at the top sure benefitted.
Everyone benefits equally, in direct proportion to what they have invested in their pensions and retirement accounts.
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Completely eliminate pensions and rely on stock market returns?
Newsflash: Pensions rely on stock market returns to achieve the growth they need to fulfill their pension payout obligations.
PLEASE tell me how so many people (mostly those on the left) do not know this.
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Stock market returns were not the selling point for the Tax Reform Act, it was supposed to increase GDP, pay for itself and bring back manufacturing and promote business investment in facilities.
Corporate income tax revenues increased 12% from 2018 to 2019. That's a HUGE increase. The Tax Reform Act was a success in stimulating the economy, complete with more corporate profits to tax.
They nearly destroyed our manufacturing with NAFTA and China trade policies, now they want to deal the coup de grace.
...wow what a rewrite of history.
NAFTA was started by Reagan(part of his 1980 campaign) and negotiated by Bush. It was opposed by most Democrats as they were the party of manufacturing unions. Republican party is the one that was all about free trade. The North American Free Trade Agreement: Ronald Reagan's Vision Realized
Yeah because those corporate tax cuts ended up with all kinds of major manufacturing facilities being built all over the USA -- SAID NOBODY EVER BECAUSE IT DID NOT HAPPEN.
If a company does invest in another country that country sees wealth and most likely then will import more goods -- and if the USA can position itself with goods and services that are much desired in the world....we all win.
This notion that the USA doesn't NEED anybody is silly.
Many of you only look at one side of the equation.
While some policies may in fact boost other countries, boosting other countries is not always bad for the USA if managed properly.
That's so far from the reality!
Reducing the cost of doing business always ends up in more business and more wealth for everybody. That's the basics of economics.
NAFTA was started by Reagan(part of his 1980 campaign) and negotiated by Bush. It was opposed by most Democrats as they were the party of manufacturing unions. Republican party is the one that was all about free trade. The North American Free Trade Agreement: Ronald Reagan's Vision Realized
Opening up trade with China started with Nixon.
Are you saying the Democrats didn't vote for NAFTA?
Are you saying the Democrats didn't vote for NAFTA?
Biden voted for it. He voted for the Iraq War, too. Not exactly who we should have as our national leader. He makes bad choices.
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He makes bad choices.
