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Its still too early to predict the impact of the tax cuts but at this point the results are not as predicted. Some companies are investing the gains in buildings and machinery but the wage growth is pretty average. The companies that repatriated their profits are investing a large percentage in stock buy backs. Meanwhile the deficit is increasing dramatically.
Still better compared to the money being parked overseas. And stock buy is to raise the value of that stock which helps 401k, etc.
Raising the value of stock mainly helps the wealthy but it also depends on which stock. This is the same that occurred when GW had a holiday for repatriation of overseas money in his first term, guess where all that money went, executive compensation and stock buy backs.
We shouldn't be going into debt to raise stock prices.
Still better compared to the money being parked overseas. And stock buy is to raise the value of that stock which helps 401k, etc.
Considering the vast majority of people earn the vast majority of their living through work, not stock appreciation or dividends, this is still not justification for increasing debt and deficit.
Its still too early to predict the impact of the tax cuts but at this point the results are not as predicted. Some companies are investing the gains in buildings and machinery but the wage growth is pretty average. The companies that repatriated their profits are investing a large percentage in stock buy backs. Meanwhile the deficit is increasing dramatically.
What is scary is that the President want's to rein in the FED. The FED is trying to keep inflation under control by increasing interest rates. Interest rates will go on autopilot if inflation becomes significant. If interest rates go up with a 20 trillion dollar debt, service to the debt will become a large expenditure.
Starving the Beast (government "entitlement" programs) has been on the republican wish list since the Reagan administration. This may be by design to crowd out the "entitlements". The effect to the economy will be catastrophic.
Hey, my companies CEO can afford to buy another Porsche for his second mistress.
Exactly. Tax cuts give SPENDERS MORE MONEY TO SPEND which HELPS those companies stay in business and GROW to meet the new demands which is what "trickle down" does.
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Still better compared to the money being parked overseas. And stock buy is to raise the value of that stock which helps 401k, etc.
