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"The rich will just squarrel the money away into giant vaults and swim in them like Scrooge McDuck"

By DASKAA following x   2018 May 7, 7:21pm 709 views   9 comments   watch   sfw   quote     share    


On Friday’s “PBS NewsHour,” New York Times columnist David Brooks said that the GOP tax bill is working better than he thought it would and the evidence “seems to be that what the Trump people told us would happen is happening, that companies are reinvesting the money.”

Brooks stated, “I was against the Trump tax cuts. But the early evidence is that they’re working better than I thought. And so, in the first quarter, among S&P companies, capital expenditures are up 39 percent. That’s a seven-year high. That’s far higher than a lot of us thought. Stock buybacks, which is just giving people — to shareholders, that’s only 16 percent. So the evidence from just the first quarter seems to be that what the Trump people told us would happen is happening, that companies are reinvesting the money. … And so, it’s important to oppose what’s opposable and what’s reprehensible and offensive. And we’ve been doing that, as I say, for three years. But it’s also important to see reality. And the more serious opposition will, frankly, be on disastrous policies or not disastrous policies.”


2   steverbeaver   ignore (1)   2018 May 8, 12:03am   ↑ like (1)   ↓ dislike (0)   quote        

I have never met a "lazy" rich person, unless they were expecting an inheritance.
3   steverbeaver   ignore (1)   2018 May 8, 12:05am   ↑ like (1)   ↓ dislike (0)   quote        

Even with an expected inheritance, most were harder working and smarter than most of their peers.
4   bob2356   ignore (1)   2018 May 8, 4:20am   ↑ like (0)   ↓ dislike (0)   quote        

Satoshi_Nakamoto says
“I was against the Trump tax cuts. But the early evidence is that they’re working better than I thought. And so, in the first quarter, among S&P companies, capital expenditures are up 39 percent. That’s a seven-year high. That’s far higher than a lot of us thought. Stock buybacks, which is just giving people — to shareholders, that’s only 16 percen


Where is the whole statement? Why is it all cut up, rearranged, and out of context? What is 16 percent? Stock buybacks doubled over last year q1. Something is bullshit here.
5   DASKAA   ignore (3)   2018 May 8, 5:29am   ↑ like (0)   ↓ dislike (0)   quote        

bob2356 says
Where is the whole statement?


Video not working?
6   LeonDurham   ignore (0)   2018 May 8, 6:02am   ↑ like (0)   ↓ dislike (0)   quote        

steverbeaver says
I have never met a "lazy" rich person, unless they were expecting an inheritance.


The problem may be you need to meet more rich people...
7   bob2356   ignore (1)   2018 May 8, 7:42am   ↑ like (0)   ↓ dislike (0)   quote        

Satoshi_Nakamoto says
bob2356 says
Where is the whole statement?


Video not working?


nope, so what does stock buybacks 16% mean? 16% of what? stock buybacks have doubled. what is 39% up capital spending mean? Capital spending for all companies was 6.1% q1 2018 down from 7.2% q1 2017. So how is that up 39%? WTF? Why just cherry pick "S&P companies"? Why not all companies? Hmm, look at this the S&P includes a lot of oil companies. Who are investing like mad because oil prices are up. What a coincidence. Sort of like the sun rising in the east is coincidence. .

https://www.nytimes.com/2018/04/30/business/the-tax-cut-buybacks-business-investment.html
Data on the gross domestic product, released Friday, showed that business investment grew at a 6.1 percent annual clip during the first three months of 2018, down from 7.2 percent during the first quarter last year. Excluding oil and gas investment, which is particularly volatile, the investment pace grew slightly over the past year.

https://www.marketwatch.com/story/tax-cut-fueled-cash-buyouts-stock-buybacks-more-than-double-wage-growth-trimtabs-2018-04-17
U.S. companies have announced $305 billion in cash mergers and acquisitions and stock repurchases during the first quarter, more than double the $137 billion announced in the fourth quarter
8   DASKAA   ignore (3)   2018 May 8, 8:07am   ↑ like (0)   ↓ dislike (0)   quote        

bob2356 says
Satoshi_Nakamoto says
bob2356 says
Where is the whole statement?


Video not working?


nope


Must be something wrong with your phone.




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