Corporate America to give out Record $1 trillion in stock buy backs

[Obscurity]

https://www.wraltechwire.com/2018/1...es-out-a-record-1-trillion-in-stock-buybacks/

So much for "helping the middle class and struggling americans." Seems the bloviating, leaking orange anus and the republican tax plan have done precisely what I said they'd do. Skew the numbers, which show costs are increasing and wages stagnating, yet create economic boom for the 1% with their buyback options.

Bravo, conservatives. You made the rich richer and everyone else can get stuffed.

 

[iguanaman]

https://www.wraltechwire.com/2018/1...es-out-a-record-1-trillion-in-stock-buybacks/

So much for "helping the middle class and struggling americans." Seems the bloviating, leaking orange anus and the republican tax plan have done precisely what I said they'd do. Skew the numbers, which show costs are increasing and wages stagnating, yet create economic boom for the 1% with their buyback options.

Bravo, conservatives. You made the rich richer and everyone else can get stuffed.

Yes so much for Corporations using their extra money to keep jobs here or give out long overdue raises. The only ones getting raises will be the executives who receive much of their pay in stock. That is the reason for the buybacks, it benefits the already wealthy. And so it goes... our children will owe trillions more so the rich can get richer. When will this end?

 

[Rexedgar]

....and then there is SEARS......upper management is getting a piece of 25 million dollars while the rank and file are getting severance pay abridged.

Merry Christmas!

Last one out turn out the lights if the power company didn’t turn them off already.....

https://chicago.cbslocal.com/2018/12/14/sears-executives-bonuses-bankrputcy/

 

[Greenbeard]

 

[Obscurity]

Yes so much for Corporations using their extra money to keep jobs here or give out long overdue raises. The only ones getting raises will be the executives who receive much of their pay in stock. That is the reason for the buybacks, it benefits the already wealthy. And so it goes... our children will owe trillions more so the rich can get richer. When will this end?

The only ones getting a raise are executives, and shareholders. Once the rich figured out they owned the businesses, they removed anything they could from employees - share options, profit sharing, etc, and now this. Instead of investing in their employees, they invest in their own petulant enrichment activities. The Waltons, after all, need more yachts.

 

[Phys251]

https://www.wraltechwire.com/2018/1...es-out-a-record-1-trillion-in-stock-buybacks/

So much for "helping the middle class and struggling americans." Seems the bloviating, leaking orange anus and the republican tax plan have done precisely what I said they'd do. Skew the numbers, which show costs are increasing and wages stagnating, yet create economic boom for the 1% with their buyback options.

Bravo, conservatives. You made the rich richer and everyone else can get stuffed.

That is the kind of thing that fuels the socialist movement. Right there.

 

[Obscurity]

That is the kind of thing that fuels the socialist movement. Right there.

Correct, and the fact capitalism as proposed by alot of our rightist friends is so unethical and amoral it's abhorrent. The entire thing has fuelled a massive boom in socialism's popularity, especially among the young.

 

[tres borrachos]

I voted for Rubio in the NH primary, and his comments really disappoint me. Not because he's wrong - he isn't. But because he supported that ridiculous, absurd "tax break" (for the wealthy).

Too late, Marco. You're up to your eyeballs in this ****.

 

[Hawkeye10]

More and more stuff in America is a straight up scam.

This does not end well.

 

[Obscurity]

More and more stuff in America is a straight up scam.

This does not end well.

It's been a scam. Hence why any tax cut was never going to fulfil the republican lie - that tax cuts for the corporations and wealthy filter down to reduced cost for consumers. Utter bull****. At the end of the day, we all knew exactly who was going to benefit. It's sure as hell not the average Trump supporter.

 

[Hawkeye10]

It's been a scam. Hence why any tax cut was never going to fulfil the republican lie - that tax cuts for the corporations and wealthy filter down to reduced cost for consumers. Utter bull****. At the end of the day, we all knew exactly who was going to benefit. It's sure as hell not the average Trump supporter.

I was against it.

 

[Obscurity]

I was against it.

Intelligent folks were, and intelligent folks never voted for this habadashery to begin with.

 

[SenorXm/Sirius]

The Republicans AND their rich donors get away with this stuff because for some reason the Republican working class/Middle Class defends the rich and the Corps each and every time. They can see that these policies are not helping them, but they still defend the rich.

The rich and Corps vote for their own interest, hell they pay MILLIONS to politicians to get and keep their interests, but the working class Republican doesn't vote for his own interests. sad..

 

[Helix]

Anyone who expected the money to go to workers is probably an idiot. My own raise didn't keep up with inflation.

 

[Airyaman]

2018 was the first year I did not get a raise in like 10 years and I work for a big corporation so...but I did get a nice Christmas bonus because of the tariffs!

 

[Disraeli]

And the stock prices went down hard. That'll look good on the quarterly report.

If it were stipulated that a large percentage of the tax cut were to go into capex spending, new hiring, employee benefits & compensation, etc, then maybe there would be a leg to stand on.

 

[ElChupacabra]

It's been a scam. Hence why any tax cut was never going to fulfil the republican lie - that tax cuts for the corporations and wealthy filter down to reduced cost for consumers. Utter bull****. At the end of the day, we all knew exactly who was going to benefit. It's sure as hell not the average Trump supporter.

It's funny because when you think of how some view capitalism, it's a naive notion that people will just do what's right and share. If your incentive is to maximize profit and continue stable dividend earnings for your shareholders, you're always going to look at keeping the pricing model for your products and services that accomplish precisely that objective. If you give me more money and allow me to keep more of it, what incentive do I have to reduce my earnings by spreading some of that profit if I don't have to?

 

[Conaeolos]

The Republicans AND their rich donors get away with this stuff because for some reason the Republican working class/Middle Class defends the rich and the Corps each and every time. They can see that these policies are not helping them, but they still defend the rich.

The rich and Corps vote for their own interest, hell they pay MILLIONS to politicians to get and keep their interests, but the working class Republican doesn't vote for his own interests. sad..

More of these 'Rich' as you label them support Democrats, but yes let pretend only Republicans have corporate & wealthy influencers and the majority of republicans are just voting against their self-interest rather than accepting they just have a different opinion on what helps them.

 

[ElChupacabra]

2018 was the first year I did not get a raise in like 10 years and I work for a big corporation so...but I did get a nice Christmas bonus because of the tariffs!

From what my former employees told me, it was pretty grim at their large company as well. The general sentiment was "be happy you have a job". Morale has been shot and most folks are looking for work elsewhere.

 

[Conaeolos]

Just so we are all clear, supply side economics doesn't say that corporations are going to act like little governments choosing to give wages etc based on politics. It says that a larger and more free-investment market drives growth in a self-reinforcing loop. If buybacks make American companies more financially healthy the dividends do still pay out.

I am sorry to hear those dividends are not being felt around here. I could certianly understand how that would weigh in your assessment of the economy as a whole.

 

[AliHajiSheik]

This isn't a "give out", it is purchasing the company stock at fair market prices in the open market.

 

[Obscurity]

It's funny because when you think of how some view capitalism, it's a naive notion that people will just do what's right and share. If your incentive is to maximize profit and continue stable dividend earnings for your shareholders, you're always going to look at keeping the pricing model for your products and services that accomplish precisely that objective. If you give me more money and allow me to keep more of it, what incentive do I have to reduce my earnings by spreading some of that profit if I don't have to?

Which is exactly why it never works the way the repubs claim it will, since reagan. Every incentive has been to horde it. Not share it. Profit sharing has gone the way of the dodo, and that's not because of the government, it's because of GREED.

 

[JustHanging]

https://www.wraltechwire.com/2018/1...es-out-a-record-1-trillion-in-stock-buybacks/

So much for "helping the middle class and struggling americans." Seems the bloviating, leaking orange anus and the republican tax plan have done precisely what I said they'd do. Skew the numbers, which show costs are increasing and wages stagnating, yet create economic boom for the 1% with their buyback options.

Bravo, conservatives. You made the rich richer and everyone else can get stuffed.

Oh come on.

How stupid would you have to be to think a lifelong flimflam man like Trump wasn't just running another scam?


Trump will personally save up to $15m/year under tax bill, analysis finds
Jared Kushner will save up to $12m, while five other members of Trump’s inner circle will also see benefits worth millions of dollars

 

[Obscurity]

Oh come on.

How stupid would you have to be to think a lifelong flimflam man like Trump wasn't just running another scam?


Trump will personally save up to $15m/year under tax bill, analysis finds
Jared Kushner will save up to $12m, while five other members of Trump’s inner circle will also see benefits worth millions of dollars

I am fully aware of the nepotic despot Trump and his autocratic wealth accumulation schemes.

 

[SCrider]

More and more stuff in America is a straight up scam.

This does not end well.

And yet you are on the side of the scammers.....