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Michchamp
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Suckers:
preliminary data (analyzed by those noted anti-capitalists at Bloomberg) shows real wages have fallen. Link:
back in 2004 I remember my tax law professor saying that tax cuts never result in more jobs; to the contrary, the money just flows upward in bigger dividend payouts or stock buybacks. And that's when it's not used to buy long tenured employees out, or gobble up competitors, both of which lead to FEWER jobs outright.
"Now, economic confidence has been good, we're in a strong economy, GDP is growing, but the question has been, where's the paycheck?" said Katie Bardaro, vice president of data analytics at PayScale. The answer is, largely, in the companies' coffers. Businesses are spending nearly $700 billion on repurchasing their own stock so far this year, according to research from TrimTabs. Corporations set a record in Q2, announcing $433 billion worth of buybacks ? nearly doubling the previous record, which was set in Q1.
Harley-Davidson cuts jobs, repurchases shares after tax cut
When a company buys back some of its outstanding shares, the effect is usually to boost the value of the rest of its stock, sometimes making the company appear more valuable on paper. Because many senior executives are paid in company shares, buybacks temporarily boost their pay (as well as other shareholders' portfolios), sometimes at the expense of investments in infrastructure or workers.
Harley-Davidson cuts jobs, repurchases shares after tax cut
When a company buys back some of its outstanding shares, the effect is usually to boost the value of the rest of its stock, sometimes making the company appear more valuable on paper. Because many senior executives are paid in company shares, buybacks temporarily boost their pay (as well as other shareholders' portfolios), sometimes at the expense of investments in infrastructure or workers.
preliminary data (analyzed by those noted anti-capitalists at Bloomberg) shows real wages have fallen. Link:
Some have expressed dismay that stock buybacks seem to have taken precedence over boosting capital investment. Since the tax cuts passed, companies have been using buybacks to return record amounts of cash to shareholders ? more than $700 billion in the first two quarters. That naturally raises the possibility that companies don?t have good projects to invest in.
Who wants to "invest in good projects" when you can just take the money and buy a fucking bigger yacht, or 3rd vacation home with it?back in 2004 I remember my tax law professor saying that tax cuts never result in more jobs; to the contrary, the money just flows upward in bigger dividend payouts or stock buybacks. And that's when it's not used to buy long tenured employees out, or gobble up competitors, both of which lead to FEWER jobs outright.
