Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers.

[guillaumeb]

Analysis: Major Corporations Have Spent Just 6% of Tax Cut Windfall on Workers. Guess Where the Other 94% Went.

From the article:

Almost everyone—nonpartisan commentators, economists, and even President Donald Trump's chief economic adviser—predicted that corporate shareholders and CEOs, not workers, would be the primary beneficiaries of the Republican tax law, and several recent analyses have shown that prediction to be right on the money.....

(but) the sensational headlines touting worker bonuses obscured the fact that the vast majority of the law's benefits have gone straight to the pockets of wealthy shareholders.

Who could have imagined this?

To read more:

https://www.commondreams.org/news/2018/02/28/analysis-major-corporations-have-spent-just-6-tax-cut-windfall-workers-guess-where?

[procon]

1. Its a feature, not a bug.

It's not like everyone told Trump this would happen. Even the CEOs agreed, they weren't giving anything to employees because that would go in the loss column. A stock buyback, however, would up the price of shares and makes them richer, so that goes in the profit column. Trump the billionaire genius, the graduate of Wharton Business school, and real estate magnate extraordinaire, can't even understand how that P&L statement works in real life.

[guillaumeb]

4. And THAT is a feature of Trump.

He understands nothing except his own self-interest.

[Takket]

2. the sad part is..........

since the media made such a huge deal of AT&T bonuses, which weren't even because of the tax cut, all the deplorables think it is working wonders even though they aren't even getting more money!!!!!!!!!

[guillaumeb]

5. Supply side economics, part 3.

And the always fooled are fooled once again.

[House of Roberts]

3. Crumbs

and tinkle on increases.

[guillaumeb]

6. And when the GOP attacks Social Security and Medicare.

the Trumpers will wonder who is at fault.