patrick.net

anonymous says

At the same time, CEOs have recently expressed a reluctance to spend more if the tax reform bill goes through. In November, chief executives attending a conference in Washington were asked if they would "increase capital investment" after the reform. When only a few raised their hands, chief White House economic advisor Gary Cohn asked the CEOs, "Why aren't the other hands up?"

If the chief economic advisor in the white house had to ask that question then the country is truly fucked. The other hands aren't up because they know damn well the tax cut will go to executive compensation, dividends, and stock buybacks. Like every other corporate tax cut since Reagan was elected.

The tax cut is a Trojan horse to get at what the libertarians really want. Going after social security, medicare, and medicaid. Once the deficit/debt go crazy attacking the programs will be much easier. Social security and medicare privatized (to friends of congress). Medicaid cut dramatically and turned totally to the states.

Bonus points look for IRA's to be required to invest a portion in government bonds when the shit really hits the fan. IRA's are way to big a pot of money for politicians to keep their fingers off of.

Trojan horse part 2 is that dividends and stock buybacks will drive equities through the roof leading into the 2020 elections. Republicans will be running on a happy days are here again (leaving out the ' for the wealthy' part of the sentence) platform just like 1928.

anonymous says

Tax Bill Will Lead to More Automation, Executives Boast to Wall Street Investors

Good.

bob2356 says

Trojan horse part 2 is that dividends and stock buybacks will drive equities through the roof leading into the 2020 elections. Republicans will be running on a happy days are here again (leaving out the ' for the wealthy' part of the sentence) platform just like 1928.

We need Logan to post some random charts in this thread.

It's higher minimum wage laws that is driving automation, not the tax code.