Stock Buybacks

Discussion in 'Current Events' started by bacha29, Feb 12, 2019.

  1. bacha29

    bacha29 Well-Known Member

    To the surprise of no one Senator Marco Rubio has come out in support of a Democratic plan to change the tax treatment of stock buybacks treating the gains as non-qualified dividends removing the tax cap on capital gains. Why? Very simple. He now sees the same thing many others have been pointing out.....Too much of the tax savings spent on stock buybacks nowhere near enough spent on product development and hiring for which the tax cut was specifically intended.

    The abuses have to get pretty darn bad for a pro business Republican like Rubio to get involved. Then again what has happened is EXACTLY what opponents of the tax cut said was going to happen.
     
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  2. Box Ox

    Box Ox Well-Known Member

  3. Old Man Jingles

    Old Man Jingles Rat out of a cage

    Day late and a dollar short.
    These stock buybacks have already occurred and would not be subject to a new law.
     
  4. Box Ox

    Box Ox Well-Known Member

    Not necessarily. The Republicans will try to do another big/unnecessary corporate tax cut/giveaway at some point. It’s their big play. We’ll all be glad the new law is in place.
     
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  5. Old Man Jingles

    Old Man Jingles Rat out of a cage

    SO WE WANT COMPANIES TO GO BACK TO THE PRACTICE OF KEEPING PROFITS OVERSEAS?
     
  6. Box Ox

    Box Ox Well-Known Member

    Can reel that in too. It doesn’t have to be one or the other.
     
  7. Turdferguson

    Turdferguson Just a turd

    Which type fallacy is this
    logical-fallacy-examples-6-638.jpg
    Or this one
    logical-fallacy-examples-15-638.jpg
     
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  8. Ok.
    Did you say the same thing when this happened under baby bush?
     
  9. Old Man Jingles

    Old Man Jingles Rat out of a cage

    This one:
    Dumbbutt doesn't understand what is being discussed
     
  10. Box Ox

    Box Ox Well-Known Member

    Don’t be so hard on yourself.
     
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  11. Old Man Jingles

    Old Man Jingles Rat out of a cage

    You sound like my psychologist!
    I've been beating miceelf my entire life.
     
  12. Box Ox

    Box Ox Well-Known Member

    First one’s free.
     
  13. Old Man Jingles

    Old Man Jingles Rat out of a cage

    Which is a strong indicator of it's value.
     
  14. Box Ox

    Box Ox Well-Known Member

    Then you’re paying too much for your psychologist.
     
  15. Old Man Jingles

    Old Man Jingles Rat out of a cage

    If this will actually incent companies/corporations
    to invest in more employees and capital expenditures, I am in 100%.
     
  16. brownmonster

    brownmonster Man of Great Wisdom

    How much actually came back? I want to see a highly partisan chart.
     
  17. bacha29

    bacha29 Well-Known Member

    1.2 trillion in buybacks since tax cut plan was implemented. When you're in business not to create employment but to create profits and shareholder equity and the fastest cheapest safest way to do it is through buybacks and you now have the money to do it and compared to the risks associated with the R&D way of doing it, it simply doesn't take an economist to figure out what was going to happen .