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Sure they are passed through but they are already factored into the prices people pay. Are prices decreasing? Of course not. This will be reported as profit.
I know when I was selling a product if I could maintain a price extra profit went back into the business or my pocket. Of course my competitors would need to be doing the same thing. That only lasts for so long.
So the purpose of the cuts was to increase stock prices and dividends.
The let Trump supporters write personal checks to FedEx stockholders if they are feeling so generous. What we are seeing is exactly what everyone predicted. The debt has skyrocketed and the GOP will say we need to cut entitlements because the country is broke. While the wealthy CEOs and stock investors are buying airplanes and Caribbean islands.
So the purpose of the cuts was to increase stock prices and dividends.
Stockholders pay taxes on it, are consumers that may spend it for increased economic activity, may tuck it away for retirement or invest it in other business's etc.
Stockholders pay taxes on it, are consumers that may spend it for increased economic activity, may tuck it away for retirement or invest it in other business's etc.
So people get their Social Security and Medicare reduced, lose school funding, military cuts, etc. so the FedEx stockholder can tuck a few million under his pillow. Let Trump supporters pay those stockholders directly and leave the rest of us out of it. Everyone knew the Trump tax plan was designed so that 83% benefitted the top 1%. This is just one example of that.
I know when I was selling a product if I could maintain a price extra profit went back into the business or my pocket. Of course my competitors would need to be doing the same thing. That only lasts for so long.
So if tax increases are passed to consumers but tax cuts are not then what was the point of a tax cut.
While the wealthy CEOs and stock investors are buying airplanes and Caribbean islands.
I don't know if Fedex has the same stockholder portfolio but I would image with any of these large corporations it's pretty similar. Something like 80 to 90 % of Exxon is owned by pensions funds, IRA's, mutual funds and other entities that are typical for small investors. The pension funds are the top investors, something like 35%....
The tax cuts do get passed to consumers. You have evidence to show it’s not?
Where are the FedEx price cuts? They are still driving on public roads and using publicly funded infrastructure to make their profits, where does the taxpayer benefit if they are paying zero taxes and the only beneficiary is their stockholders and executives who receive massive bonuses.
Where are the FedEx price cuts? They are still driving on public roads and using publicly funded infrastructure to make their profits, where does the taxpayer benefit if they are paying zero taxes and the only beneficiary is their stockholders and executives who receive massive bonuses.
What makes you think those who receive FedEx shipments don't benefit from FedEx's use of public roads and publicly funded infrastructure?
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