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In reply to the discussion: NoShit... [View all]

TrollBuster9090

(5,953 posts)
6. Yep, not only profits have been historically high, but also the CASH ON HAND of corporations.
Tue Oct 24, 2017, 07:33 PM
Oct 2017

I remember hearing that American corporations were sitting on top of $2 Trillion in profits in 2009 when the 'stimulus' bill was passed. They continued to sit on it, rather than hiring people.

How long is this stupid ZOMBIE ECONOMICS LIE going to persist. Corporations DO NOT USE higher profits to hire more people, or to pay the people they already employ higher wages (except for the executives, of course). And, cutting taxes for billionaire plutocrats DOES NOT make them hire more people, or create jobs. Give a billionaire another tax cut, and the only person he'll employ is another accountant to find a way to stash the money in a shell company in the Bahamas.

NoShit... [View all] pbmus Oct 2017 OP
Facts no longer matter in the U.S., especially in the Republican wing of government. SamKnause Oct 2017 #1
True that madokie Oct 2017 #7
It all starts with the minimum wage Smitty63nnn Oct 2017 #9
Ultimately madokie Oct 2017 #11
I totally agree, but Smitty63nnn Oct 2017 #17
They have decoupled profits from wages... Wounded Bear Oct 2017 #2
Anybody who believes this is going to be a windfall for the working and middle classes is just smirkymonkey Oct 2017 #3
Have a "t" on me. Gamble with it. n/t rzemanfl Oct 2017 #4
I'll take "missing letters" for 500, Alex. n/t They_Live Oct 2017 #8
Donald Drumpf's *ee tapes. n/t rzemanfl Oct 2017 #10
Oh, I don't know; "I would be everything I own" has rather a profound meaning, no? WinkyDink Oct 2017 #16
Unfortunately, today there is more money to be made from investing in assets than workers. Hoyt Oct 2017 #5
Yep, not only profits have been historically high, but also the CASH ON HAND of corporations. TrollBuster9090 Oct 2017 #6
Or the billionaire simply buys more property, which does not create jobs, only inflates real estate. Bernardo de La Paz Oct 2017 #12
And then rents out the real estate for double the mortgage... pbmus Oct 2017 #13
DUH!!! Workers are considered LIABILITIES by corporate owners and stock-holders!! PROFITS ARE WinkyDink Oct 2017 #14
Of course it won't. It never has, that I'm aware of. nt Honeycombe8 Oct 2017 #15
Just the same old tired shit that Bush did world wide wally Oct 2017 #18
And reagonomics...a totally failed trickle down disaster.. pbmus Oct 2017 #19
No, it was a successful disaster and a failed, flawed BigmanPigman Oct 2017 #21
Since Reagan, GOP gives tax cuts; then Democrats have to raise taxes to bail out the sinking ship. VOX Oct 2017 #20
A boss I had once described corporate taxation in the best way I ever heard jmowreader Oct 2017 #22
How does the MAGA working class have no idea who their oppressors are? Corvo Bianco Oct 2017 #23
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