This was predictable. The problem is that the interests of the shareholders are often very different than the interests of the workers.
Thanks @SRuhle for talking stock buybacks this morning & the false promise of the #GOPTaxScam. Billions in buybacks that overwhelmingly benefit corporate executives and shareholders, not workers.pic.twitter.com/j23IvB8DKs
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Well surprise surprise who would have thought it
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Trump gave himself a permanent 20% tax cut, doesn't pay any & cronies, = FUTURE tax hike, reduced services and benefits cause someone has to pay for it. IMPEACH AND REPEAL THE TAX SCAM !pic.twitter.com/ruEoau1MnQ
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Im a shareholder & I vote.
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Is it preferable that corporations have less profit? If profits are due in part from tax cuts, should the government dictate how those profits should be deployed? How would you redistribute such profits? Is the buyback of stock not, in many cases, healthy for the company?
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It's preferable for Corporations to increase their profits through business activities as opposed to a Federal Government borrowing $1.5 trillion in order to finance those increases in profits.
End of conversation
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The American voter, at least many of them, will find that their benefit from the tax law pales in comparison to the wealthy and big business and I hope they realize this fact by election day.
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