Sunday, August 4, 2019

Stock buybacks are reaching dangerous levels - To the poor the same routine



To note low taxes helps the rich as not many poor has stocks. Like always low taxes goes to the stock investors as they make more than a poor worker does. And so less for the poor and the poor will let it go and do without! "The Same Routine!"

~~~~~Stock buybacks are reaching dangerous levels
However, the buyback boom has drawn the ire of Democrats and even some Republicans in Washington, especially since the stated reason for the 2017 tax law was to drive business investment -- not shareholder returns.

"Stock buybacks are not good for workers. End of story," Senator Sherrod Brown, Democrat from Ohio, wrote in a recent essay.

Brown plans to unveil new legislation on Wednesday aimed at curbing stock buybacks and creating a "worker dividend." ***Noting businesses will find away around it like always!
https://www.cnn.com/2019/07/30/investing/stock-buybacks-debt-leverage/index.html

When Trump did his tax cuts I was like why not go all the way and cut it to nothing. Many businesses would implode! It would be their own personal hell, piles and piles of money. Well they can't learn if they don't fail! Now they could be imploding!