01-16-2018, 04:18 PM
(01-16-2018, 02:42 PM)SunsetBengal Wrote: But what is true is that many people will now have good job opportunities, and an opportunity to contribute to the big pot, rather than simply being beneficiaries of the pot.
No they won't.
A few years ago it was argued that keeping interest rates low would allow businesses to borrow more money to build their business and create jobs. But all they did was borrow money to buy back stock so that current stockholder got a huge windfall without increasing the business at all.
Corporate profits have been at record highs for the last couple of years and again large corporations were not using that money to grow thei business. Instead they were just passing on the profits to the stockholders.
Now we are al supposed to believe that companies are going to reduce their profits and payments to stockholders in order to help poor people get jobs? That is a joke. Corporate profits have been BOOMING before their was any mention of a tax break for corporations. If it was not "trickling down" before the tax breaks it will not "trickle down" now.
