CEOs dont raise hands when asked if they plan to invest more (Reaganomics, Afghanistan)
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Look at all the economically ignorant Leftist posters here commenting on something they know nothing about and citing Washington Post, which is neither unbiased or are economics experts.
Whether they pay down debt or buy stocks back, ultimately that is money that is put back into the economy. For example, if you pay off your mortgage, the bank getting that mortgage money from you now has more money to then loan out more money to someone else. Money doesn’t just vanish, it gets recycled and that’s good for the economy.
This is even more reason to disregard the know-nothing Leftist-liberal snowflakes who only know how to spend daddy’s money.
NEWSFLASH everyone that doesn't agree with Trump isn't a leftist. We make a comfortable living, and this tax plan stinks. I don't want my taxes increased so corps can have a permanent 40% tax cut.
NEWSFLASH everyone that doesn't agree with Trump isn't a leftist. We make a comfortable living, and this tax plan stinks. I don't want my taxes increased so corps can have a permanent 40% tax cut.
I want the corporates to have 100% tax cut. Corporate tax is stupid.
They can pay down all the debt they want but not at the expense of my taxes going up, when their tax cuts are permanent.
Get a clue. Most everyone is getting a tax cut, not up. Except the very rich individuals, but that’s what you Leftists want so you should be happy.
Quote:
Originally Posted by treasurefinder
No one is clueless except you.
1. they don't have excessive debt, and they are swimming in cash now. They can pay off debt now if they wanted.
2. This tax plan is being touted as a boon for workers not as a vehicle for stock buybacks.
Look at the clueless (you) calling someone clueless.
It is a boon for the workers. They pay less taxes and there will be more jobs because the economy will expand due to overseas money coming back into this country.
NEWSFLASH everyone that doesn't agree with Trump isn't a leftist. We make a comfortable living, and this tax plan stinks. I don't want my taxes increased so corps can have a permanent 40% tax cut.
It doesn’t matter if you are really a Leftist or not since we are on an anonymous board and have no idea who is what, when you are arguing against one side and favoring the other, then it can be assumed that you are from that side.
Would I invest more? That's a tough question.. Market demands are what drive investments.
Where to open a new plant? In a business friendly state or a tax heavy state? No brainer.
Open a plant where the Unions will demand a Union shop or where Unions have less control? No brainer.
Investment is seldom a no brainer. Ok I got a tax break. Do I use the savings to pay down debt or risk the money on a maybe? Tough call.
They are going to invest in their company but most of these corporations are already well off with cash on hand. The more cash they have, the more appealing they are for stockholders
All in all this won’t effect the average American. There won’t be an influx of cash and jobs in the economy. That’s the point people are making with the tax reform. We are assuming wrong that companies will do the right thing. They won’t because the stock market is all they care about
Get a clue. Most everyone is getting a tax cut, not up. Except the very rich individuals, but that’s what you Leftists want so you should be happy.
There is a large swath of folks, in the 200-400k range who are not getting a cut. People with a lot of kids are also losing out with the removal of personal exemptions. The doubling of std deduction is smoke and mirrors for many but you keep on spouting the GOP talking points.
And stop with the leftist bs , you all are so childish.
"President Trump's top economic adviser, Gary Cohn, looked out from the stage at a sea of CEOs and top executives in the audience Tuesday for the Wall Street Journal's CEO Council meeting. As Cohn sat comfortably onstage, a Journal editor asked the crowd to raise their hands if their company plans to invest more if the tax reform bill passes.
Very few hands went up.
Cohn looked surprised. “Why aren't the other hands up?” he said."
"A Bank of America-Merrill Lynch survey this summer asked over 300 executives at major U.S. corporations what they would do after a “tax holiday” that would allow them to bring back money held overseas at a low tax rate. The No. 1 response? Pay down debt. The second most popular response was stock buybacks,"
'Trickle Down' theories do not work, and have never worked. My company would never voluntarily pass along the excess to the employees as wages or benefits, it would be considered counter to their fiduciary responsibility to the stockholders (which are almost entirely big banks and mutual funds).
The theory is an excuse for a tax cut on the rich, who are just going to hoard it.
Trickle down doesn't work anywhere in the world. The tendency is (and has always been) for the wealth of a nation (any nation) to amass into the control of a few, and that normally has dangerous social consequences. The government is bought, and the people become peons.
We have seen this trend in our own country worsening since Ronald Reagan was president, and if it continues unabated our class structure will turn into an inflexible caste system.
There is a large swath of folks, in the 200-400k range who are not getting a cut.
poor babies. Anyone I know bringing in that type of money a year is considered high income earners..
Nice to see you defend "the rich"...
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