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Rubio: Tax bill went too far

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  • Rubio: Tax bill went too far

    “If I were king for a day, this tax bill would have looked different,” he said. “I thought we probably went too far on [helping] corporations.”

    “By and large, you’re going to see a lot of these multinationals buy back shares to drive up the price,”

    “Some of them will be forced, because they’re sitting on historic levels of cash, to pay out dividends to shareholders.

    “That isn’t going to create dramatic economic growth.”

    link

  • #2
    And yet he voted for it. He doesn't mind that it gives multinational corporations that are already swimming in cash a ton more money. And he even realizes that the #TaxScam isn't going to help the economy because trickle down doesn't work and has never worked. Just look at the failed experiment of Kansas for a living example.

    Donald Trump tweets he deleted:
    • The electoral college is a disaster for a democracy.
    • He [Obama] lost the popular vote by a lot and won the election. We should have a revolution in this country!
    • More votes equals a loss...revolution!

    Comment


    • #3
      Makes you wonder about his, and others, motivation for voting for the rushed bill.

      Comment


      • #4
        If you help corporations, you help the people who own them. That is the shareholders.

        Comment


        • #5
          Originally posted by Bogen View Post
          If you help corporations, you help the people who own them. That is the shareholders.
          Are you going to claim the majority of people 1) have a voting stock in multinational corporations, 2) have many directly owned stock or 3) will benefit even 1/10 of what the 1% will?

          Donald Trump tweets he deleted:
          • The electoral college is a disaster for a democracy.
          • He [Obama] lost the popular vote by a lot and won the election. We should have a revolution in this country!
          • More votes equals a loss...revolution!

          Comment


          • #6
            Originally posted by Bogen View Post
            If you help corporations, you help the people who own them. That is the shareholders.
            Who for the most part are the rich. Everybody understands that.

            Comment


            • #7
              Originally posted by JerryD View Post

              Are you going to claim the majority of people 1) have a voting stock in multinational corporations, 2) have many directly owned stock or 3) will benefit even 1/10 of what the 1% will?
              More than half of Americans, 52 percent, are currently not investing in the stock market—either by buying individual stocks or mutual funds, or through a retirement account such as a 401(k) or IRA, according to a new Bankrate.com survey.Apr 9, 2015

              Half of Americans avoid the stock market - CNBC.com


              Comment


              • #8
                Originally posted by BarbaraJV View Post

                More than half of Americans, 52 percent, are currently not investing in the stock market—either by buying individual stocks or mutual funds, or through a retirement account such as a 401(k) or IRA, according to a new Bankrate.com survey.Apr 9, 2015

                Half of Americans avoid the stock market - CNBC.com

                More up-to-date info:
                “Not investing is an American problem for all age groups,” says Ms. Cornfield. Collectively, 4 in 10 Americans, 43 percent, own stocks, reports Bankrate. This includes 51 percent of people who are 36 to 51 years old (Generation X), and 48 percent of Baby Boomers, who are aged 52 to 70.Jul 6, 2016

                Why so few millennials invest in the stock market - Business Insider

                http://www.businessinsider.com/why-s...-market-2016-7







                Comment


                • #9
                  Originally posted by BarbaraJV View Post

                  More than half of Americans, 52 percent, are currently not investing in the stock market—either by buying individual stocks or mutual funds, or through a retirement account such as a 401(k) or IRA, according to a new Bankrate.com survey.Apr 9, 2015

                  Half of Americans avoid the stock market - CNBC.com
                  The number is much higher of those not owning stock on their own. The majority of small time investors are part of a mutual fund or 401(K) type of account where they don't have individual ownership. Few people buy stock outright. And the majority of them have common stock. Go to any annual meeting with your 10 shares and see how much the BOD listens to you.

                  The idea that throwing buckets of money at a company that is already swimming in cash reserves will suddenly make them create jobs is childish. When a group of corporate heads were on Fox and asked how many were going to add new jobs with the windfall welfare they are getting under the #Taxscam, almost none of them raised their hands. It just doesn't work that way in the real world.

                  One and only one thing ever increased the number of jobs and that was increased demand. Zero to do with a company with tons of cash reserves getting more. Increasing demand requires one main thing - increasing take home pay. One time bonuses are temporary and will not create sustained demand.

                  Donald Trump tweets he deleted:
                  • The electoral college is a disaster for a democracy.
                  • He [Obama] lost the popular vote by a lot and won the election. We should have a revolution in this country!
                  • More votes equals a loss...revolution!

                  Comment


                  • #10
                    Originally posted by BarbaraJV View Post

                    More up-to-date info:
                    “Not investing is an American problem for all age groups,” says Ms. Cornfield. Collectively, 4 in 10 Americans, 43 percent, own stocks, reports Bankrate. This includes 51 percent of people who are 36 to 51 years old (Generation X), and 48 percent of Baby Boomers, who are aged 52 to 70.Jul 6, 2016

                    Why so few millennials invest in the stock market - Business Insider

                    http://www.businessinsider.com/why-s...-market-2016-7
                    You are right on that as well as the last post. The main problem just might be the lack of good jobs paying enough that there is a disposable income for buying stock. If you are worried that you won't have the rent, you are not weighing your stock buying options. Companies are eliminating the middle class as fast as they can driving them down. This is beginning to look like America a year before the Great Depression.

                    Donald Trump tweets he deleted:
                    • The electoral college is a disaster for a democracy.
                    • He [Obama] lost the popular vote by a lot and won the election. We should have a revolution in this country!
                    • More votes equals a loss...revolution!

                    Comment


                    • #11
                      Originally posted by JerryD View Post

                      You are right on that as well as the last post. The main problem just might be the lack of good jobs paying enough that there is a disposable income for buying stock. If you are worried that you won't have the rent, you are not weighing your stock buying options. Companies are eliminating the middle class as fast as they can driving them down. This is beginning to look like America a year before the Great Depression.
                      I think a lot of people see the stock market as a rigged system -- one that favors the "inside" group. Obviously not for common folk. Add to that the idea that "savings" should be "safe" and that causes people to not want to risk the money they socked away. Then there are the stock crashes.

                      Comment


                      • #12
                        Originally posted by JerryD View Post

                        The number is much higher of those not owning stock on their own. The majority of small time investors are part of a mutual fund or 401(K) type of account where they don't have individual ownership. Few people buy stock outright. And the majority of them have common stock. Go to any annual meeting with your 10 shares and see how much the BOD listens to you.

                        The idea that throwing buckets of money at a company that is already swimming in cash reserves will suddenly make them create jobs is childish. When a group of corporate heads were on Fox and asked how many were going to add new jobs with the windfall welfare they are getting under the #Taxscam, almost none of them raised their hands. It just doesn't work that way in the real world.

                        One and only one thing ever increased the number of jobs and that was increased demand. Zero to do with a company with tons of cash reserves getting more. Increasing demand requires one main thing - increasing take home pay. One time bonuses are temporary and will not create sustained demand.
                        We've been hearing Republicans say this for years now, that when the time is right well-to-do companies will start hiring. It hasn't happened yet Instead they made current workers work harder and more hours if they did anything. It was also let's wait and see who wins the 2012 or 2016 elections. These greedy companies swimming in some of the highest profits ever have little reason to change what they're doing. They don't even want to raise pay for the workers they have.

                        Comment


                        • #13
                          Originally posted by Path O. Logic View Post

                          I think a lot of people see the stock market as a rigged system -- one that favors the "inside" group. Obviously not for common folk. Add to that the idea that "savings" should be "safe" and that causes people to not want to risk the money they socked away. Then there are the stock crashes.
                          I know at this stage in our lives (retirement) I don't want anymore risk than we already have, like MFs in stocks IRAs. I don't want to face another crash either.

                          Comment


                          • #14
                            Originally posted by BarbaraJV View Post

                            We've been hearing Republicans say this for years now, that when the time is right well-to-do companies will start hiring. It hasn't happened yet Instead they made current workers work harder and more hours if they did anything. It was also let's wait and see who wins the 2012 or 2016 elections. These greedy companies swimming in some of the highest profits ever have little reason to change what they're doing. They don't even want to raise pay for the workers they have.
                            We've heard it for decades. Didn't happen under Reagan. Didn't happen under Dubya Bush. Trickle down doesn't work, period.

                            Donald Trump tweets he deleted:
                            • The electoral college is a disaster for a democracy.
                            • He [Obama] lost the popular vote by a lot and won the election. We should have a revolution in this country!
                            • More votes equals a loss...revolution!

                            Comment


                            • #15
                              Originally posted by JerryD View Post

                              We've heard it for decades. Didn't happen under Reagan. Didn't happen under Dubya Bush. Trickle down doesn't work, period.

                              Comment

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