OT: The liberals you hate may be right about stocks and finance

16 comments

• RandomMember

  •

  5 years ago

  This poor, lonely, thread isn't getting any attention because it doesn't involve evil brown people coming to rape your daughters. But the single most important event under the Trump administration was a huge corporate tax cut that went, on bulk, to stock buybacks. I'm willing to bet that not a single person on TUSCL benefited appreciably from the tax cut. It's projected to add about a trillion dollars to the deficit over 10 years -- so it represents a deficit-funded tax for corporations and CEOs. So the deficit will be used an excuse to cut social security, Medicare, Medicaid.
• AZFourTwenty

  •

  5 years ago

  The main purpose of a public corporation is to maximize the wealth of it's shareholders.
• Warrior15

  •

  5 years ago

  Only on Yahoo would you see a complete load of CRAP like that article. Its kind of sad what has happened to Yahoo. 20 years ago, they had the opportunity to become the Nations online newspaper. But they chose to become the online version of the National Inquirer.
• san_jose_guy

  •

  5 years ago

  Cutting taxes will never make a sustained contribution to the economy because there has been no demand increase. Same for that Rick Perry Red State Doctrine of cutting environmental or worker safety regs, or busting unions. Just a temporary boost, taking jobs away from other places and initiating a race to the bottom. SJG
• nicespice

  •

  5 years ago

  Yahoo finance? Boo! I like to get my economics knowledge from highly reliable sources. Such as... [view link] [view link]
• RandomMember

  •

  5 years ago

  Here's a WSJ journal about the tax cuts and stock buybacks. Is the WSJ reliable enough for you, @Warrior? "Boom in Share Buybacks Renews Question of Who Wins From Tax Cuts" [view link] Typical discussion on TUSCL. Not so much about politics, just getting the facts straight.
• san_jose_guy

  •

  5 years ago

  The top end, or the supply side, or entrepreneurism do not expand the economy, they actually eat away at it and accelerate our descent into being a nation of Uber drivers and Shoe Shine Boys. The economists of the Right are merely playing to emotional themes which sound sexy. SJG
• AZFourTwenty

  •

  5 years ago

  If you want to whine about not getting a benefit from the tax cut, remember the stock buybacks inflate the value of stocks. Any of you that own stocks or funds have received a benefit. If you don't own stocks, then that is your fault for not having any investments. I would rather have tax cuts so the public can choose what to do with the funds, rather than tax increases where the govt chooses for me. Sanders et all, are just upset they can't spend the funds. And besides, it's not the tax rate that matters. It's the exemptions allowed.
• RandomMember

  •

  5 years ago

  "Any of you that own stocks or funds have received a benefit. " ___ That's a good point, and yes most of us own stocks. I know I do. But 40% of all stocks are owned by the top 1%. And the tax cuts will fuel historic deficits according to the CBO: [view link] So it's a deficit-funded tax cut that benefits people who need it the least. The deficit will almost certainly be used to argue that entitlements need to be cut back, which will hurt the bottom half even more.
• AZFourTwenty

  •

  5 years ago

  The problem is spending, not tax cuts. The outrage should be over govt spending and waste. Enough taxes are already paid.
• RandomMember

  •

  5 years ago

  ^^ so exactly where are going to cut? Medicaid? Medicare? Social Security? Exactly where is the waste?
• RandomMember

  •

  5 years ago

  IDK, @Dougster. It's true that I've seen lots of waste first-hand on government contracts. Medicare and SS are the big-ticket items and I personally don't think they should be cut or privatized.
• Mate27

  •

  5 years ago

  #FACTSMATTER for #TXTITTYFAG #PREACHTHEWORD
• RandomMember

  •

  5 years ago

  "I told u a hundred times i aint Douchester" ________ Yeah, sure @Dougster, sure. @Ax20 wrote: "Any of you that own stocks or funds have received a benefit. " ____________ True, but it helps CEOs and executives the most since a much larger share of their compensation is in the form company stock. Doesn't help the average white slob in rural areas who voted for Trump. It was a deficit-funded tax cut for the rich.
• ime

  •

  5 years ago

  Yeah they never waste money on things like $100k a year for booze on private flights.
• san_jose_guy

  •

  5 years ago

  What keeps the economy pumped up is government spending, afforded by taxation. While the spending should be done so it is efficient, keeping it going is what sustains the middle sector of employment. SJG