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Anonymous
Anonymous asked in Politics & GovernmentPolitics · 9 months ago

So corporations aren't using the tax cuts to employ more people, instead they're buying back shares. Who would have thunk?

Update:

"Corporate stock buybacks are booming, thanks to the Republican tax cuts: Republicans said their tax bill would go to workers. Instead, it’s going to Wall Street." https://www.vox.com/policy-and-politics/2018/3/22/...

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  • Anonymous
    9 months ago

    A tax cut frees up money on the bottom line. Buying back shares is the only sensible thing to do in many cases, even if you KNOW you intend to expand your employment base soon.

    Do you know the preparation involved in hiring new staff? You won't likely have the first new employee for several months. For middle and upper management, probably more than a year.

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  • Chris
    Lv 7
    9 months ago

    What exactly do you think investors do with the cash when they sell their shares back, Einstein? Burn it? Light cigars with it? Stuff it in the mattress? Would it kill a Libtard to think something through?

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  • ricky
    Lv 7
    9 months ago

    So where did all these millions find jobs?

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  • 9 months ago

    Who? Anyone with a brain. The media asked around even before the tax cut was granted and this is exactly what they were told.

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  • 9 months ago

    You are full of shitt

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