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The money corporations used to pay in taxes will be used for business expansion, hiring more people and raising wages, thus increasing tax revenue (both corporate and personal income).
You are mistaken.
Stock buybacks, no increase in wages. Income loss from Corp. Taxes not being offset. It seems that instead of that the CEO's are getting richer as buybacks have cut the amount of stacks available increasing each share value.
Stock buybacks, no increase in wages. Income loss from Corp. Taxes not being offset. It seems that instead of that the CEO's are getting richer as buybacks have cut the amount of stacks available increasing each share value.
Why is the stock market not responding and shooting up like a rocket ?
Stock buybacks suggest that is what should be happening.
Stock buybacks drive the stock price higher don't they ?
Why is the stock market not responding and shooting up like a rocket ?
Stock buybacks suggest that is what should be happening.
Stock buybacks drive the stock price higher don't they ?
Because, in spite of the buybacks, the stock market is starting to price in an upcoming recession.
The money corporations used to pay in taxes will be used for business expansion, hiring more people and raising wages, thus increasing tax revenue (both corporate and personal income).
BULL.
you are simply parroting the Mitch and Ryan's made up nonsense.
All the data shows the tax cuts went directly to share holders through divs and retained profits....
There is a mountain of proof that the money has gone to share buybacks and there is another mountain of proof that shows those buy backs don't go to the bottom 90% they go to those holding the wealth and almost all of it goes to the top 0.5%... (ie not you or me)
the idea that real wages will shoot up as a result is more bs. Never has before and likely never will.
The money is either there and driving the stock price up or its not.
The reallocation of money suggest it isn't there.
Reallocation was one of the reasons given for a pullback after the all time high.
nonsense.
the buy backs are generally considered not to be a good use of monies. half a trillion in buy back might have simply supported the market and helped prevent a fall. there is NO REASON to believe they did or did not.
What we know is that the market has been flat for the year and there was a big increase in buybacks. fact.
Why is the stock market not responding and shooting up like a rocket ?
Stock buybacks suggest that is what should be happening.
Stock buybacks drive the stock price higher don't they ?
Have you missed the last year of stock markets. Less number of shares available make for inflated prices. Allowing for CEO compensation to climb. The employee's below the top floor see none of it.
Now you are seeing the results as Hedge funds start to drop out of business. They know when its time to close of shop and distribute to their customers.
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