An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Saturday, May 26, 2018
Noel Randewich — S&P 500 Companies Return $1 Trillion To Shareholders In Tax-Cut Surge
S&P 500 companies have returned a record $1 trillion to shareholders over the past year, helped by a recent surge in dividends and stock buybacks following sweeping corporate tax cuts introduced by Republicans, a report on Friday showed...
It's important to let people see the financial rewards of hard work and innovation rather than job wage slavery and the hopelessness of government spend.
Maybe the collapse in new businesses during the Obama years will rebound as the government and external sectors shrink relative to the domestic private sector. Removing the job killing regulatory barriers, lowering taxes on the good middle class, allowing all Americans, not just rich Americans to have income growth and access to non University related credit again... encouraging public investment but ending Quixotic pseudo science... Seems like all the dumb policy and elitism of the last 8yrs have been wiped away.
The Job Creators strike again!
ReplyDeleteIt will be interesting to see how much of this is spent and how much goes into portfolios.
ReplyDeleteHow many private jets, Lamborghinis and vacation estates can a person have?
ReplyDeleteMost will be reinvested, increasing asset prices further above earning capacity (which is largely based upon consumption).
ReplyDelete“sweeping corporate tax cuts introduced by Republicans,”
ReplyDeleteAnother journo brain fart....
Corporate tax on previous foreign earnings were INCREASED $250B on January 1...
More sweeping nonsense from MNE's village idiot Franko.
ReplyDelete"Sweeping corporate tax cuts" include a permanent 40% reduction in the corporate tax rate.
It's important to let people see the financial rewards of hard work and innovation rather than job wage slavery and the hopelessness of government spend.
ReplyDeleteMaybe the collapse in new businesses during the Obama years will rebound as the government and external sectors shrink relative to the domestic private sector. Removing the job killing regulatory barriers, lowering taxes on the good middle class, allowing all Americans, not just rich Americans to have income growth and access to non University related credit again... encouraging public investment but ending Quixotic pseudo science... Seems like all the dumb policy and elitism of the last 8yrs have been wiped away.
Yeah Noah exhibiting those robust math chops where a 250b tax increase is a reduction...
ReplyDeleteHow can a cut in rate of FUTURE taxable earnings have ANY effect on past stock buybacks????
ReplyDeleteKeep listening to economists and journos Noah...
Straw man.
ReplyDeleteCome back when (if) you can make an intelligent, reasoned argument.