This is What the Tax Cuts Have Done

Babba

Former Staff
Jul 2007
75,356
65,766
So. Md.
#1
From the Wall Street Journal:

Profits at S&P 500 companies jumped an estimated 23.5% in the three months through June, according to data from Thomson Reuters, more than two and half times revenue growth in the same period….“Companies are coming out unapologetically with pricing increases,” said Jim Russell, portfolio manager at Bahl & Gaynor. “That is one of the more optimistic things we see for keeping [profit] margins high in 2018 and into 2019.”

Happy news indeed. Here’s a handy chart so that you can see how this is trickling down to all the rest of us:




https://www.motherjones.com/kevin-d...-economics-is-working-about-as-well-as-usual/

This is what trickle down economics does EVERY single time. But we keep practicing the asinine philosophy.
:stupid: And there will be idiots who applaud it.
 
Likes: 6 people

Devil505

Former Staff
Jan 2008
70,418
28,810
Florida
#2
We average Americans are meant to be the continued servants/slaves of the Billionaire class under GOP plans.
Don't you know that?
 
Jul 2013
55,060
59,384
Nashville, TN
#3
Only in America have the plebes been brainwashed into voting against their own economic self interests.

They believe in eliminating the minimum wage, outlawing or neutering unions and giving their corporate masters massive tax cuts....while the middle and working classes are going down the economic tubes...
 
Likes: 2 people
Mar 2012
56,305
37,878
New Hampshire
#4




https://www.motherjones.com/kevin-d...-economics-is-working-about-as-well-as-usual/

This is what trickle down economics does EVERY single time. But we keep practicing the asinine philosophy.
:stupid: And there will be idiots who applaud it.
Problem is once again the disconnect. We can know something but experience something different. For example, currently jobs are plentiful. One can literally quit a job and get another tomorrow. Our local McDonalds are offering $16 an hour because nobody wants to work there because there are so many openings in better places. Bigger companies are offering signing bonuses. 70% of college grads in May got a signing bonus, some even gave out cars. So what we see can be different. The problem with trickle down is when we are at full employment like now, we dont see the negatives. People are happy and working. Its when the next downturn comes, and it will, is when we will see it not work. This is very reminiscent of the mid Reagan years, people worked and spent money like drunken sailors. Somehow we always forget the party is going to end.
 
Likes: 3 people
Jul 2014
37,446
9,847
midwest
#5

RNG

Moderator
Jan 2015
13,965
9,770
Left coast
#8
Stock market up 10%

WHOO HOOO!

What happened to all those gloom and doom predictions about the stock market if Trump were to win.

Oh, Steve Rattner, where are ya now?

Oh yeah, he's still on MSNBC...
The tax cuts are giving corporations four quarters of apparent profit growth. That makes stocks go up.

Very many corporations are using this increased profit to by back shares. This makes stocks go up.

The party will end. Will it be a soft landing or a crash?

Why companies flush with tax-cut cash are spending more on share buybacks than wage hikes | CBC News
 
Likes: 1 person
Feb 2015
16,585
8,342
sadness
#10
We average Americans are meant to be the continued servants/slaves of the Billionaire class under GOP plans.
Don't you know that?

i was under the impression that the average american were meant to the the continued servants/slaves of the lower entitlement class.

Dont you know that?