RT @WSJ: Opinion: Companies help workers not by being philanthropic but by investing ... http://on.wsj.com/2I7WW0b pic.twitter.com/CceovDQ2RT
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RT @WSJ: Opinion: Companies help workers not by being philanthropic but by investing ... http://on.wsj.com/2I7WW0b pic.twitter.com/CceovDQ2RT
Wages arent "philantropy" you oligarchic dipshits, and shareholder interest is not equivalent to "helping workers".
worked for Enron
“...#taxcut is to create good incentives for profit-maximizing... not to “trickle down” cash to workers...”
1) companies don’t need incentives to maximize profit, that’s all they do
2) the pitch was, explicitly, it was to create jobs and increase wages
#LetsBeHonest
Please send this to Schumer @SenSchumer
Buybacks are a capital return and mostly done to boost price for insiders at the expense of future cashflows. If they were investing in CAPEX then you could say they are investing in projects that have future expected returns and could lead to more jobs and productivity.
That's the WSJ editorial board I know. I've missed your garbage takes
Agreed. Inflating the national debt by 13 figures to give tax breaks that pay for buybacks is indeed a "garbage take." Stock buybacks are traditionally indicative of a company righting their ship in good times. This money is a forced gift from taxpayers.
Oh, so now we are categorizing wages as philanthropy? Yeah, stock buybacks aren't terrible, but they aren't exactly pro-worker.
You give a man a fish and you feed him for a day. You teach him to fish and you give him an occupation that will feed him for a lifetime
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