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Sun Dec 25, 2016, 11:44 AM

Taxcuts will be invested on Wall Street.

Not on Main Street.

The stock market is the new economy.

Many, if not most, companies believe they can make more money by investing their profits in the market, rather than creating new jobs. For many businesses, that may be true?

That is why the huge taxcuts planned by Trump and the Republicans will not end up on Main Street. They will not be used to create more jobs - they will be used to create more creative investments.
The stock market is where the money will go.

And that is where the bubble will explode. Just like all bubbles in the past, this one will create havoc within our economy.

Congress will create more loopholes to make it easy for companies to invest in the market. They will not create that many jobs. They will create some, but not nearly enough to reach the grandiose goals of the Republicans.

Just like in the past, they will destroy our economy.

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Response to kentuck (Original post)

Sun Dec 25, 2016, 11:49 AM

1. The GOP's job is to

fuck America. And finally, they are getting the outside help they need to do so successfully.

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Response to kentuck (Original post)

Sun Dec 25, 2016, 11:49 AM

2. This is an interesting article on the "Financialization" of the US

 

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Response to hollowdweller (Reply #2)

Sun Dec 25, 2016, 11:53 AM

3. Thanks for this article.

It is right on!

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Response to kentuck (Original post)

Sun Dec 25, 2016, 11:56 AM

4. Spot on. The Bush tax cuts stand as a solid reminder of that.

 

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Response to kentuck (Original post)

Sun Dec 25, 2016, 12:14 PM

5. same trickle down nonsense that will drive the federal govt into HUGE deficits and MORE debt

 

and CRASH the economy...we all have seen this before. All democrats have to do is gridlock all such tax cuts and make the american people give a damn on how its going to AFFECT THEM

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Response to beachbum bob (Reply #5)

Sun Dec 25, 2016, 12:18 PM

7. They will try to make cuts in programs to keep the deficits in check.

But there just isn't enough. They will explode the debt.

Just like when Reagan said you can no longer deduct your credit card interest. And your unemployment checks will be taxed. Also, we will raise FICA taxes to "save Social Security".

But it was all to cover for the huge taxcuts for the wealthy.

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Response to kentuck (Original post)

Sun Dec 25, 2016, 12:15 PM

6. Republicans will surely try to put Social Security in Wall Street too.



My father used to joke about putting "paper pushing" bankers and businessmen on a large deserted island where they'd all perish eventually from lack of "real skills". At the rate we're going, we'll be a nation of paper pushers someday.

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Response to kentuck (Original post)

Sun Dec 25, 2016, 12:23 PM

8. Or stashed in offshore accounts.......

Or spent, creating inflation. More dollars chasing goods means prices go up--for everyone.

Stock markets are secondary markets. IOW, the securities traded were previously owned. Buying securities there puts ZERO money into a company! THAT was done at the initial offering of that security, when the really rich folks and brokers get their hands into the pot. It's kind of like buying the trading cards that come with the bubble-gum, taking the bubble-gum out, then re-selling the trading cards. The cards can be traded any number of times, but the bubble-gum will always be gone. So investing in stock never puts more money into an existing company; that was already done. Thus, there may be new tax incentives in put money into the markets, but since none of that money gets to the companies, they can NOT create any additional jobs with it.

It's all another GOP LIE.

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Response to lastlib (Reply #8)

Sun Dec 25, 2016, 12:29 PM

9. They will be permitted to bring this money back from the off-shore accounts....

with a very minimal tax, if any at all. They have been waiting for this for years.

And it is not going to be invested in jobs. It is going to be invested in paper.

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Response to kentuck (Reply #9)

Sun Dec 25, 2016, 02:17 PM

11. Much of the business tax cuts

Will be invested in stock buy backs. Increases the value of stocks owned by CEOs.

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Response to kentuck (Original post)

Sun Dec 25, 2016, 01:29 PM

10. and add to this one fact

Wall Street has no loyalties to America. China and Russia will see a lot of that money, if not most, and the Saudis and Japanese will eat the rest.

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