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"The rich will just squarrel the money away into giant vaults and swim in them like Scrooge McDuck"
invite response
2018 May 7, 7:21pm 2,560 views 9 comments
Comments 1 - 9 of 9 Search these comments
2
steverbeaver
2018 May 8, 12:03am
steverbeaver
2018 May 8, 12:03am
I have never met a "lazy" rich person, unless they were expecting an inheritance.
3
steverbeaver
2018 May 8, 12:05am
steverbeaver
2018 May 8, 12:05am
Even with an expected inheritance, most were harder working and smarter than most of their peers.
4
bob2356
2018 May 8, 4:20am
Satoshi_Nakamoto says
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.
“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.
6
LeonDurham
2018 May 8, 6:02am
steverbeaver says
The problem may be you need to meet more rich people...
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
2018 May 8, 7:42am
Satoshi_Nakamoto says
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
bob2356 saysWhere 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
RWSGFY
2018 May 8, 8:07am
RWSGFY
2018 May 8, 8:07am
bob2356 says
Must be something wrong with your phone.
Satoshi_Nakamoto saysbob2356 saysWhere is the whole statement?
Video not working?
nope
Must be something wrong with your phone.
9
NDrLoR
2018 May 8, 9:03am
NDrLoR
2018 May 8, 9:03am
Satoshi_Nakamoto says
Gyro Gearloose was my next favorite:
https://www.google.com/imgres?imgurl=https://i.pinimg.com/736x/3d/15/d7/3d15d7afb45ff15b6a6ad17419b60cbe--caravan-vine.jpg&imgrefurl=https://www.pinterest.com/jonassonne/gyro-gearloose/&h=480&w=480&tbnid=WQDmkivK2rdP7M:&tbnh=225&tbnw=225&usg=__OHP6oXsNEMFieVFGvKGfsHk-sw0%3D&vet=1&docid=K-uJUiPvl_EXpM
swim in them like Scrooge McDuck"One of the funniest Disney characters: https://www.google.com/imgres?imgurl=https://vignette.wikia.nocookie.net/powerlisting/images/0/00/Scrooge_McDuck_swimming.jpg/revision/latest?cb%3D20170315005846&imgrefurl=http://powerlisting.wikia.com/wiki/File:Scrooge_McDuck_swimming.jpg&h=359&w=500&tbnid=anicGTvgj4NDAM:&tbnh=190&tbnw=265&usg=__-cWxYLIMd0zejbR8Z867LUZ4Ioo%3D&vet=1&docid=gk_ocAEM-xmRKM
Gyro Gearloose was my next favorite:
https://www.google.com/imgres?imgurl=https://i.pinimg.com/736x/3d/15/d7/3d15d7afb45ff15b6a6ad17419b60cbe--caravan-vine.jpg&imgrefurl=https://www.pinterest.com/jonassonne/gyro-gearloose/&h=480&w=480&tbnid=WQDmkivK2rdP7M:&tbnh=225&tbnw=225&usg=__OHP6oXsNEMFieVFGvKGfsHk-sw0%3D&vet=1&docid=K-uJUiPvl_EXpM
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.”