HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Analysis: Major Corporati...

Wed Feb 28, 2018, 08:13 PM

Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers. Guess Where the Other 94% Went.

From the article:

Almost everyone—nonpartisan commentators, economists, and even President Donald Trump's chief economic adviser—predicted that corporate shareholders and CEOs, not workers, would be the primary beneficiaries of the Republican tax law, and several recent analyses have shown that prediction to be right on the money.....

(but) the sensational headlines touting worker bonuses obscured the fact that the vast majority of the law's benefits have gone straight to the pockets of wealthy shareholders.


Who could have imagined this?

To read more:

https://www.commondreams.org/news/2018/02/28/analysis-major-corporations-have-spent-just-6-tax-cut-windfall-workers-guess-where?

6 replies, 569 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 6 replies Author Time Post
Reply Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers. (Original post)
guillaumeb Feb 2018 OP
procon Feb 2018 #1
guillaumeb Feb 2018 #4
Takket Feb 2018 #2
guillaumeb Feb 2018 #5
House of Roberts Feb 2018 #3
guillaumeb Feb 2018 #6

Response to guillaumeb (Original post)

Wed Feb 28, 2018, 08:33 PM

1. Its a feature, not a bug.

It's not like everyone told Trump this would happen. Even the CEOs agreed, they weren't giving anything to employees because that would go in the loss column. A stock buyback, however, would up the price of shares and makes them richer, so that goes in the profit column. Trump the billionaire genius, the graduate of Wharton Business school, and real estate magnate extraordinaire, can't even understand how that P&L statement works in real life.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to procon (Reply #1)

Wed Feb 28, 2018, 09:28 PM

4. And THAT is a feature of Trump.

He understands nothing except his own self-interest.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to guillaumeb (Original post)

Wed Feb 28, 2018, 08:38 PM

2. the sad part is..........

since the media made such a huge deal of AT&T bonuses, which weren't even because of the tax cut, all the deplorables think it is working wonders even though they aren't even getting more money!!!!!!!!!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Takket (Reply #2)

Wed Feb 28, 2018, 09:29 PM

5. Supply side economics, part 3.

And the always fooled are fooled once again.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to guillaumeb (Original post)

Wed Feb 28, 2018, 09:27 PM

3. Crumbs

and tinkle on increases.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to House of Roberts (Reply #3)

Wed Feb 28, 2018, 09:30 PM

6. And when the GOP attacks Social Security and Medicare.

the Trumpers will wonder who is at fault.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread