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CEOs Aren’t Waiting for the Tax Bill to Pass — They’ve Already Started Pocketing the Windfall


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2017 Dec 19, 3:53am   15,341 views  84 comments

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41   anonymous   2017 Dec 20, 8:15pm  

HappyGilmore says
What? Republican Presidents have spent more money by a WIDE margin than have Dems. The only difference is that Dems actually try to find a way to pay for the spending, whereas Republicans don't give a crap. They just run up the deficit.
I never made this about Republicans and Democrats, but you obviously have a boner for making this political vs about the issues. I'm an Independent. So you're saying we should cut spending? I'm all for that and hate when ANY party spends as much as they do. Cut government to the bone.
42   anonymous   2017 Dec 20, 8:21pm  

HappyGilmore says
One doesn't have to be poor to realize that the current level of inequality is bad for the economy. All one has to do is have read the smallest amount of history regarding the 1930s.
Until inequality gets so bad such that someone can't make good decisions, work hard and make a good living, your inequality argument means nothing. There is nothing stopping any able-bodied individual from making it in this country.

My comments may hurt and be personal, but I'm just being blunt and honest and they're relevant to the arguments you're making. It's a bitter pill, but it is what it is. If I started calling your wife ugly, that would be crossing the line.
43   Strategist   2017 Dec 20, 8:51pm  

HEYYOU says
"Say it with me: trickle-down economics doesn't work."

“Is it our goal to increase return to our shareholders and do we have an excess amount of capital? The answer to both is, yes,” Sloan told CNN Money. “So our expectation should be that we will continue to increase our dividend and our share buybacks next year and the year after that and the year after that.”


Trickle down works. Here is the proof:
AT&T just announced a $1,000 bonus for every single of it's 200,000 employees solely because of the tax cuts. That's $200 million of bonuses to the employees.
Welfare Queens in the USA receive more money than laborers in China, India, and Africa. The money to pay the lazy, useless, fat, welfare queens obviously cam from those who pay taxes. That is called trickle down.
Do you know the average wages in Socialist Venezuela is $28.00 per month? Let me tell you why. They have no trickle down, because they foolishly killed every goose that laid the golden egg.
I hope you learn something with this post, but I know you won't.
44   Strategist   2017 Dec 20, 9:02pm  

HappyGilmore says
just any guy says
What? Again, show me evidence that "purchasing power is constant". Money is NOT constant, so this Monopoly/fixed pie argument is bullshit. Our monetary system is debt-based and constantly grows, so it's now a matter of what YOU are going to do about getting more of it for yourself. You can sit there and complain like a bitch about your shitty situation, or you can do something about it, get retrained, etc. and go earn. Be a man.


No, it's 100% true.


If it was true, how do you account for the constantly increasing GDP?
45   anonymous   2017 Dec 20, 9:55pm  

just any guy says
HappyGilmore says
One doesn't have to be poor to realize that the current level of inequality is bad for the economy. All one has to do is have read the smallest amount of history regarding the 1930s.
Until inequality gets so bad such that someone can't make good decisions, work hard and make a good living, your inequality argument means nothing. There is nothing stopping any able-bodied individual from making it in this country.


Very True.

Sounds like Happy is following the Bernie Sanders "give me free shit and take it from the evil rich people" narrative so I don't have to put in any effort and work for it.
46   HappyGilmore   2017 Dec 21, 5:57am  

just any guy says
I never made this about Republicans and Democrats, but you obviously have a boner for making this political vs about the issues


Funny. Here's the post that I answered:

just any guy says
Somehow you on the Left feel it's justified to rob those who have worked their ass off, made good decisions, and been prudent about saving, to redistribute to everyone else. But then again, the ends justify the means, right? Now you can feel high and mighty talking with your Leftist friends about how moral and charitable you are voting for Socialists, sniffing each other's farts, and comparing the size of your manginas. I can somehow see women being Socialist in nature because they're delicate and nurturing beings. Men? It's a disgrace to our gender. Grow some balls.


Sure seems to be a bit political in nature.

just any guy says
I'm an Independent. So you're saying we should cut spending? I'm all for that and hate when ANY party spends as much as they do. Cut government to the bone.


I'm for balancing the budget. Generate as much revenue as you spend. But sure--I'm for reducing spending in some areas. Cut the defense budget by a ton. Cut corporate welfare. Cut healthcare spending by modeling after any of the successful systems run in the 1st world with much lower spending and better outcomes.
47   HappyGilmore   2017 Dec 21, 6:00am  

just any guy says
Until inequality gets so bad such that someone can't make good decisions, work hard and make a good living, your inequality argument means nothing. There is nothing stopping any able-bodied individual from making it in this country.

My comments may hurt and be personal, but I'm just being blunt and honest and they're relevant to the arguments you're making. It's a bitter pill, but it is what it is. If I started calling your wife ugly, that would be crossing the line.


Whether you're crossing the line is up to the moderator and lucky for you, he's an extremely biased Trumpkin so he only zaps posts from people who criticize his Messiah.

But you're wrong. Inequality has huge effects on the economy as I have already showed you. Look at velocity of money. Look at interest rates. The data is right in front of your face.
48   HappyGilmore   2017 Dec 21, 6:04am  

Strategist says
It's not making sense. Trust me on that.


lol--no thanks. I've read your posting history. It appears that facts sometimes don't make sense to you.
49   zzyzzx   2017 Dec 21, 7:02am  

HappyGilmore says
That's nice and all, but it's 0 new jobs.


It's probably more like $550 after deductions, but it's better then nothing. Considering how stingy AT&T is with it salaries, this is surprising. I expect to see this bonus on my Jan 6th pay stub.
50   anonymous   2017 Dec 21, 7:09am  

Strategist says

If it was true, how do you account for the constantly increasing GDP?


Why don't you give us a breakdown of your understanding of how increasing GDP works if you believe this?
51   anonymous   2017 Dec 22, 6:57am  

HappyGilmore says
just any guy says
I never made this about Republicans and Democrats, but you obviously have a boner for making this political vs about the issues


Funny. Here's the post that I answered:

just any guy says
Somehow you on the Left feel it's justified to rob those who have worked their ass off, made good decisions, and been prudent about saving, to redistribute to everyone else. Now you can feel high and mighty talking with your Leftist friends about how moral and charitable you are voting for Socialists, sniffing each other's farts, and comparing the size of your manginas. I can somehow see women being Socialist in nature because they're delicate and nurturing beings. Men? It's a disgrace to our gender. Grow some balls.


Sure seems to be a bit political in nature.
I said "Left", which is an ideology not a political party. You said Republicans and Democrats, which are political parties. There is a distinct difference.
52   HappyGilmore   2017 Dec 22, 8:54am  

just any guy says
said "Left", which is an ideology not a political party. You said Republicans and Democrats, which are political parties. There is a distinct difference.


Really? You also included this in that post:

just any guy says
you obviously have a boner for making this political vs about the issues


The one who made this political is you talking about the Left and Socialists. Left is a political ideology. Socialism is political party.
53   anonymous   2017 Dec 22, 8:38pm  

HappyGilmore says
Socialism is political party.
Wrong again.
http://www.iep.utm.edu/socialis/
Read the first sentence. Socialism was always an ideology before some idiots decided to create a "socialist" political party.
54   HappyGilmore   2017 Dec 22, 8:43pm  

just any guy says
Wrong again.
http://www.iep.utm.edu/socialis/
Read the first sentence. Socialism was always an ideology before some idiots decided to create a "socialist" political party.


Good, so we're in agreement that you were the first to bring up politics and political leanings.
55   anonymous   2017 Dec 25, 10:43am  

HappyGilmore says
But you're wrong. Inequality has huge effects on the economy as I have already showed you. Look at velocity of money. Look at interest rates. The data is right in front of your face.
So what? Stop being a whiner. Interest rates are low and I'm making more money than ever.
56   anonymous   2017 Dec 25, 11:19am  

HappyGilmore says
Good, so we're in agreement that you were the first to bring up politics and political leanings.
Is this your bitchy way of admitting you're wrong by deflecting? Oh, Merry Christmas.
57   Strategist   2017 Dec 25, 11:20am  

HappyGilmore says
But you're wrong. Inequality has huge effects on the economy as I have already showed you. Look at velocity of money. Look at interest rates. The data is right in front of your face.


Everything is looking good. If that is caused by inequality, we should've more of it.
58   MisdemeanorRebel   2017 Dec 25, 12:34pm  

I pocketed my windfall, or my windfall is in the pocket.

Got a Schecter Ultra VI Baritone on the way, thanks Trump.
59   HappyGilmore   2017 Dec 25, 4:30pm  

just any guy says
So what? Stop being a whiner. Interest rates are low and I'm making more money than ever.


Yep, in other words "got mine, eff you". It's the Republican platform.

Congrats. Enjoy it while you can.
60   HappyGilmore   2017 Dec 25, 4:31pm  

Strategist says
Everything is looking good. If that is caused by inequality, we should've more of it.


Things do look good when you only take a cursory snapshot at the surface. I encourage you to look a bit deeper.
61   anonymous   2017 Dec 25, 5:29pm  

HappyGilmore says
Yep, in other words "got mine, eff you".
In other words, "you got some and I don't, so I vote to get some of yours". The slogan of pussies who can't earn.
62   Strategist   2017 Dec 25, 7:34pm  

HappyGilmore says
Strategist says
Everything is looking good. If that is caused by inequality, we should've more of it.


Things do look good when you only take a cursory snapshot at the surface. I encourage you to look a bit deeper.


I just did. Things are even better than I first thought.
63   HappyGilmore   2017 Dec 25, 7:42pm  

just any guy says
In other words, "you got some and I don't, so I vote to get some of yours". The slogan of pussies who can't earn.


It's always amusing when Republican's post on here. None can believe that there are others who put the good of society above their own personal greed and selfishness. Sad.
64   MrMagic   2017 Dec 25, 7:44pm  

HappyGilmore says
None can believe that there are others who put the good of society above their own personal greed and selfishness.


Like Pelosi, Schumer, Hillary, Warren, Feinstein, Waters do??

Baaaahhhhhhwwaaaaaa......
65   anonymous   2017 Dec 25, 7:46pm  

HappyGilmore says
just any guy says
In other words, "you got some and I don't, so I vote to get some of yours". The slogan of pussies who can't earn.


It's always amusing when Republican's post on here. None can believe that there are others who put the good of society above their own personal greed and selfishness. Sad.
There you go with the politics again. I have an assignment for you. Look up the word "charity". It actually means you can give to others without being forced to. I know it's a repulsive concept for you on the Left, but it might actually improve your life. But the kicker is, you gotta be a man and earn, and you gotta be willing to share without force. Good luck!
66   HappyGilmore   2017 Dec 25, 7:47pm  

just any guy says
There you go with the politics again. I have an assignment for you. Look up the word "charity". It actually means you can give to others without being forced to. I know it's a repulsive concept for you on the Left, but it might actually improve your life. But the kicker is, you gotta be a man and earn, and you gotta be willing to share without force. Good luck!


Unfortunately, because most Republican's think like you do, charity isn't nearly enough.
67   Strategist   2017 Dec 25, 7:52pm  

just any guy says
HappyGilmore says
Yep, in other words "got mine, eff you".
In other words, "you got some and I don't, so I vote to get some of yours". The slogan of pussies who can't earn.


You got some because you deserved it. You worked for it, you saved it up, you sacrificed for it. Now, those who did nothing you did, want it.
------------
Dear HappyGilmore,
Did you miss what Margaret Thatcher said about socialism? How happy are the Venezuelans who have the same idea as you do?
68   HappyGilmore   2017 Dec 25, 7:56pm  

Strategist says
Dear HappyGilmore,
Did you miss what Margaret Thatcher said about socialism? How happy are the Venezuelans who have the same idea as you do?


Dear Strategist--

When have I ever posted anything favorable about Socialism? In fact, I believe I've posted the exact opposite--state owned and centrally planned industry is less desirable than market driven capitalism. Best is a well regulated market that covers up some of the inherent flaws of a free market. And that is what I advocate. A similar tax plan as what the US had in the 1950s. Rewarding labor over capital.
69   Strategist   2017 Dec 25, 8:13pm  

HappyGilmore says
Strategist says
Dear HappyGilmore,
Did you miss what Margaret Thatcher said about socialism? How happy are the Venezuelans who have the same idea as you do?


Dear Strategist--

When have I ever posted anything favorable about Socialism? In fact, I believe I've posted the exact opposite--state owned and centrally planned industry is less desirable than market driven capitalism. Best is a well regulated market that covers up some of the inherent flaws of a free market. And that is what I advocate.


I actually agree with you. There is no perfect economic system. We can take the best out there, and regulate the negatives. The best is a capitalist system that produces a lot of wealth that can be taxed to help the disadvantaged, by providing assistance and education so that they too may become contributors to society down the road. The problem is, we give too much to bums who can, but have no intention of contributing anything to society. That is a needless drain on society.
Lets get rid of those bums. Are you with me?
70   anonymous   2017 Dec 25, 9:53pm  

HappyGilmore says
Unfortunately, because most Republican's think like you do, charity isn't nearly enough.
Actually, it's because most Democrats think like you do, charity isn't nearly enough. It's never enough for pussies who can't earn on their own. As far as giving to charity goes, do your research first ya "bleeding heart tightwad", cuz that's the title of this New York Times article:
http://www.nytimes.com/2008/12/21/opinion/21kristof.html
Truth hurts, but you'll still figure out a way to make things fit your narrative.
71   zzyzzx   2018 Jan 2, 7:45am  

I got the AT&T bonus as of December 29th. Wish they would have paid it out this year instead though.
72   zzyzzx   2018 Jan 2, 8:02am  

anonymous says
are you salaried exempt


Salaried exempt. I also got the email stating that I would get this extra bonus.
73   HappyGilmore   2018 Jan 2, 8:07am  

I guess we know where that bonus money is coming from now:

http://www.newsweek.com/christmas-att-layoffs-midwest-bonuses-trump-758391
“How can you lay people off and then give them $1,000 and say that there’s going to be more jobs available? I wish someone could tell me how that’s possible because I have to explain that to my members, and right now at this time of year, this is a difficult pill to swallow,” Joseph Blanco, president of Local 6360 Communication Workers of America Union in Kansas City, told Fox 4 on Thursday.
74   anonymous   2018 Jan 2, 9:06am  

zzyzzx says
I got the AT&T bonus as of December 29th. Wish they would have paid it out this year instead though.


Yes they paid it last year because it will help lower the taxes they have to pay. Next year all those bonuses will go to the share holders because they won't have to pay as high of taxes on that profit ... so no more bonuses for you.
76   zzyzzx   2018 Jan 2, 11:13am  

HappyGilmore says
http://www.newsweek.com/christmas-att-layoffs-midwest-bonuses-trump-758391
“How can you lay people off and then give them $1,000 and say that there’s going to be more jobs available? I wish someone could tell me how that’s possible because I have to explain that to my members, and right now at this time of year, this is a difficult pill to swallow,” Joseph Blanco, president of Local 6360 Communication Workers of America Union in Kansas City, told Fox 4 on Thursday.


Ummm,,, check out who is getting laid off there and it's mostly land line people.
77   MrMagic   2018 Jan 6, 12:03pm  

anonymous says
Comcast fired 500 despite claiming tax cut would create thousands of jobs.


Ha ha ha, what point is that????

Comcast has 153,000 employees, so firing 0.3% of them isn't even a rounding error, and most likely, were slugs and dead wood that needed to go...

Ha ha ha, TDS TDS TDS TDS



78   Booger   2018 Jan 6, 6:45pm  

Trump is literally raping people. His tax reform is making businesses want to forcefully insert money into peoples bank accounts. This has to stop!
79   Strategist   2018 Jan 6, 6:54pm  

HappyGilmore says
“How can you lay people off and then give them $1,000 and say that there’s going to be more jobs available? I wish someone could tell me how that’s possible because I have to explain that to my members, and right now at this time of year, this is a difficult pill to swallow,” Joseph Blanco, president of Local 6360 Communication Workers of America Union in Kansas City, told Fox 4 on Thursday.


Dear Joseph Blanco,
If you cannot understand why the unemployment rate is going down, you are not capable of understanding much of anything. Just tell your union members .....Greedy capitalists want to make more money, which is why they lay off hard working people and allowing their children to starve. WE NEED MORE SOCIALISM. Your foolish members will believe anything.
80   rootvg   2018 Jan 7, 8:50am  

HappyGilmore says
just any guy says
So what? Stop being a whiner. Interest rates are low and I'm making more money than ever.


Yep, in other words "got mine, eff you". It's the Republican platform.

Congrats. Enjoy it while you can.


That isn't exactly true but even if it were, you couldn't do anything about it.

I said to someone here a few minutes ago that Trump was a reaction to Obama. If you voted for Obama in a fit of rage over what happened during Bush 43, you are indirectly responsible for the Republicans collectively romping through the tax code like kids on a field trip. If you really want to see some action, wait until after the 2018 Senate races. I have a Poli Sci academic background and then many years of working campaigns. I don't exactly know the movers and shakers but have certainly met many of them along the way. Trump will extend his Senate majority. I have a hundred dollar bill in my wallet that I would put in the hands of a trusted third party to wager on it. Republicans will probably lose a few House races here and there but no way are they in danger of losing control. That can't happen anytime before 2022, after reapportionment.

What happened in 2016 was a big goddamn deal. By the time Democrats figure out who they are and rebuild their finances, Trump and his people will have so polluted the Cabinet level agencies and judiciary that it just won't matter. It definitely won't matter for me at age 52.

As for California, I'm thinking Jerry and his people will hold their breath praying for an impeachment. There were certain things in the tax bill that give the left reason for concern. Mnuchin said many times that the deduction for state and local tax would be either reduced or removed to stop the red states from subsidizing the blue. We also know (not being reported by most media) that the deduction for home equity lines of credit was removed. Whoa! Talk about a broadside to California. That's gonna hurt. I remember that when the deduction for credit card interest was removed from the tax code in 1986, it was followed by a slowdown in states where people carry a lot of debt...like California. That will happen again.

I'm hearing more and more that the result of the 2016 elections was the next thing to Hirohito standing on the deck of the USS Missouri in a tux, ready to sign the surrender. That's how people in the south see it. I travel there for work every month and I have seen it. The other party will recover but it will be years in the making. Their leadership is corrupt. They're flat dead broke. They have to find a way to divorce their finances from that of the Clintons, something that by itself will be a herculean task and while that's going on the conservatives will slowly but surely vacuum up control of everything that isn't nailed down.

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