Current Events > Major Corporations say they will turn most gains from tax cuts to shareholders

(+) Yeah! (+)

https://twitter.com/bpolitics/status/935830483350491137

man, but all the conservatives said this would open up new jobs

and that raising wages would cause job cuts

I would why
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*Zizek voice*

Pure ideology
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Minimum wage in my state is set to go to $12.50/hour (up from $11.50/hour this year) in a little over a month, yet unemployment is the lowest it has been in decades. It's almost like right wing economic talking points tend to be bullshit. So not surprised that major corporations actually aren't going to be creating jobs with these cuts.
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Paper_Okami posted...

https://twitter.com/bpolitics/status/935830483350491137

man, but all the conservatives said this would open up new jobs

and that raising wages would cause job cuts

I would why

man, but all the democrats said they would just put the money into their own executive pockets

and that lowering corporate taxes would only benefit the CEO and top execs

i wonder why
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Still waiting on that trickle down, any day now
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But...trickle down! burger flippers! Millennials!....any other buzz words I need to throw in there?
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who posted
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TheVipaGTS posted...

But...trickle down! burger flippers! Millennials!....any other buzz words I need to throw in there?

You forgot "bootstraps".
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Paper_Okami posted...

who posted

Someone you ignored.
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Laserion posted...

Paper_Okami posted...

who posted

Someone you ignored.

no, post 7 was deleted
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chaos knight posted...

Minimum wage in my state is set to go to $12.50/hour (up from $11.50/hour this year) in a little over a month, yet unemployment is the lowest it has been in decades.

We'd need a detailed breakdown to see what's really going on, but I'd speculate that the big driver is "useless" degrees becoming less so, as the shift to a service economy continues.

As the minimum wage increases, it creates an incentive to gain marketable skills, while someone who can't or won't do so becomes societally irrelevant and probably incarcerated eventually. Meanwhile, unskilled laborers get screwed over hard.
It's a case of the rich getting richer, the middle class becoming well-off, the poor getting slightly less poor, and the destitute essentially falling off a cliff.

What exactly do you expect corporations to do with their profits? They have a fiduciary responsibility to maximize value for shareholders. Hiring employees to grow the business is the best way to do that if there is a market opportunity. But if there isn't, they distribute the profits back as dividends.
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Antifar posted...

*Zizek voice*

Pure ideology

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The Admiral posted...

What exactly do you expect corporations to do with their profits? They have a fiduciary responsibility to maximize value for shareholders. Hiring employees to grow the business is the best way to do that if there is a market opportunity. But if there isn't, they distribute the profits back as dividends.

This is where a corporate tax of zero, and the end of the capital gains sweetheart deal, would work wonders for revenue.

The Admiral posted...

What exactly do you expect corporations to do with their profits? They have a fiduciary responsibility to maximize value for shareholders. Hiring employees to grow the business is the best way to do that if there is a market opportunity. But if there isn't, they distribute the profits back as dividends.

I expect them to exactly do that, which is Exactly why they SHOULDN'T get those tax cuts
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Of course they will, that's what they have always done.
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The Admiral posted...

What exactly do you expect corporations to do with their profits? They have a fiduciary responsibility to maximize value for shareholders. Hiring employees to grow the business is the best way to do that if there is a market opportunity. But if there isn't, they distribute the profits back as dividends.

It's almost like this is the very problem we're discussing.
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pinky0926 posted...

Still waiting on that trickle down, any day now

It will trickle down. To their children.
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murica
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mario2000 posted...

The Admiral posted...

What exactly do you expect corporations to do with their profits? They have a fiduciary responsibility to maximize value for shareholders. Hiring employees to grow the business is the best way to do that if there is a market opportunity. But if there isn't, they distribute the profits back as dividends.

It's almost like this is the very problem we're discussing.

You're confusing "problem" with "something you don't like."
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The Admiral posted...

mario2000 posted...

The Admiral posted...

What exactly do you expect corporations to do with their profits? They have a fiduciary responsibility to maximize value for shareholders. Hiring employees to grow the business is the best way to do that if there is a market opportunity. But if there isn't, they distribute the profits back as dividends.

It's almost like this is the very problem we're discussing.

You're confusing "problem" with "something you don't like."

Yes, most people don't like things that screw them over.
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pinky0926 posted...

Still waiting on that trickle down, any day now

What everyone thinks rich people are like:
http://previously.tv/m/kotm-scrooge-gold-full.jpg

What rich people are really like:
http://www.whatquebecwants.com/.a/6a00e55096d6b4883301347fd36855970c-pi

Someone has to make and maintain all that stuff. That's you're "trickle down".
Rich fucks don't just sit on a pile of money. They spend it on frivolous crap, or invest it in various enterprises to make even more money. Usually both.

chaos knight posted...

Minimum wage in my state is set to go to $12.50/hour (up from $11.50/hour this year) in a little over a month, yet unemployment is the lowest it has been in decades. It's almost like right wing economic talking points tend to be bullshit.

All of their talking points tend to be bullshit.
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Questionmarktarius posted...

Rich fucks don't just sit on a pile of money.

I mean
https://www.cnbc.com/2017/01/31/apples-cash-hoard-swells-to-record-24609-billion.html
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The Admiral posted...

mario2000 posted...

The Admiral posted...

What exactly do you expect corporations to do with their profits? They have a fiduciary responsibility to maximize value for shareholders. Hiring employees to grow the business is the best way to do that if there is a market opportunity. But if there isn't, they distribute the profits back as dividends.

It's almost like this is the very problem we're discussing.

You're confusing "problem" with "something you don't like."

So you're fine with allowing corporations to pay less and less for increasingly larger slices of the pie?
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mario2000 posted...

So you're fine with allowing corporations to pay less and less for increasingly larger slices of the pie?

Stocks and dividends are your 401(k).

Antifar posted...

Questionmarktarius posted...

Rich fucks don't just sit on a pile of money.

I mean
https://www.cnbc.com/2017/01/31/apples-cash-hoard-swells-to-record-24609-billion.html

Investment in enterprises to make even more money:

The company's cash reserves have long fueled speculation of acquisitions that Apple might make.

Apple is setting itself up to become another EA or Disney.

Trickle down piss all over your face like I always say
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Questionmarktarius posted...

mario2000 posted...

So you're fine with allowing corporations to pay less and less for increasingly larger slices of the pie?

Stocks and dividends are your 401(k).

This has nothing to do with what I said.
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mario2000 posted...

Questionmarktarius posted...

mario2000 posted...

So you're fine with allowing corporations to pay less and less for increasingly larger slices of the pie?

Stocks and dividends are your 401(k).

This has nothing to do with what I said.

So long as your future retirement is tied to corporations, it's in your best interests to have those corporations as bloated and gross as possible.

Questionmarktarius posted...

mario2000 posted...

Questionmarktarius posted...

mario2000 posted...

So you're fine with allowing corporations to pay less and less for increasingly larger slices of the pie?

Stocks and dividends are your 401(k).

This has nothing to do with what I said.

So long as your future retirement is tied to corporations, it's in your best interests to have those corporations as bloated and gross as possible.

Im pretty sure it is more beneficial for you to have more capital for which to invest and also having your investments also overvalued
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lol

Trickle down will work. They need these breaks so they can pass on profits and savings to everyone

Also those same people

Well what did you expect did you really think they wouldnt do this?
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TheVipaGTS posted...

lol

Trickle down will work. They need these breaks so they can pass on profits and savings to everyone

Also those same people

Well what did you expect did you really think they wouldnt do this?

Those two aren't mutually exclusive.

TheVipaGTS posted...

lol

Trickle down will work. They need these breaks so they can pass on profits and savings to everyone

Also those same people

Well what did you expect did you really think they wouldnt do this?

Ya it's pretty amazing @The_Admiral spent that much time spinning a tale about how it's gonna help the middle class through more jobs and all that bullshit only to hear the nes todah and go "lol, why would you fools believe me? Clearly, this was gonna happen the whole time, as you all rightfully pointed out to me, but LOL at you guys cause you're getting screwed!"
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In this case they definitely are. You all claimed trickle down is what we need and now that they arent showing any signs of contributing to that its well yea what did you expect?...this is what we expected.
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Zeeak4444 posted...

TheVipaGTS posted...

lol

Trickle down will work. They need these breaks so they can pass on profits and savings to everyone

Also those same people

Well what did you expect did you really think they wouldnt do this?

Ya it's pretty amazing @The_Admiral spent that much time spinning a tale about how it's gonna help the middle class through more jobs and all that bullshit only to hear the news today and go "lol, why would you fools believe me? Clearly, this was gonna happen the whole time, as you all rightfully pointed out to me, but LOL at you guys cause you're getting screwed!"

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How, exactly, do the poor get "screwed" when some rich fucks add another zero the end to their accounts?
Any given Koch brother may wipe his ass with yet another stack of bills, but how is any shitposter here really affected. What significant difference is someone in the ghetto or rural goddamn nowhere going to see tomorrow?

Questionmarktarius posted...

How, exactly, do the poor get "screwed" when some rich fucks add another zero the end to their accounts?

Because as soon as it passes, deficit hawks will use the reduced revenue as reason to go after social programs that benefit the poor.
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The entire point is the same people who claimed we need to make corporations richer to help the middle class are now saying who cares if they get richer that was expected...youre contradicting your entire argument in favor of corporate tax breaks. So which is it? Will the help the middle class or do nothing? Weve all been saying do nothing and its only proven to be true time and time again.
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s0nicfan posted...

Paper_Okami posted...

https://twitter.com/bpolitics/status/935830483350491137

man, but all the conservatives said this would open up new jobs

and that raising wages would cause job cuts

I would why

man, but all the democrats said they would just put the money into their own executive pockets

and that lowering corporate taxes would only benefit the CEO and top execs

i wonder why

You know top execs own tons of shares right? I think some get paid $1 and the rest ARE shares
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Antifar posted...

Questionmarktarius posted...

How, exactly, do the poor get "screwed" when some rich fucks add another zero the end to their accounts?

Because as soon as it passes, deficit hawks will use the reduced revenue as reason to go after social programs that benefit the poor.

When have deficit hawks ever had any meaningful influence, ever?

In any case, the most effective social program is a job.
If we want jobs, then we need to do several "distasteful" things, such as enforcing the borders, stop punishing success, and reducing incentives to not have a job.

Godnorgosh posted...

You realize that while the Kochs are adding zeroes to their accounts, others' numbers are dwindling, right? That money is coming from somewhere.

It's not a zero-sum game.
https://investorjunkie.com/11804/capitalism-not-zero-sum-game/

Questionmarktarius posted...

mario2000 posted...

Questionmarktarius posted...

mario2000 posted...

So you're fine with allowing corporations to pay less and less for increasingly larger slices of the pie?

Stocks and dividends are your 401(k).

This has nothing to do with what I said.

So long as your future retirement is tied to corporations, it's in your best interests to have those corporations as bloated and gross as possible.

k now I dare you to go tell a homeless starving person "so long as your chance of having a meal in the future is tied to fat people stuffing their faces, it's in your best interest to keep stuffing their faces for them"
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mario2000 posted...

The Admiral posted...

mario2000 posted...

The Admiral posted...

What exactly do you expect corporations to do with their profits? They have a fiduciary responsibility to maximize value for shareholders. Hiring employees to grow the business is the best way to do that if there is a market opportunity. But if there isn't, they distribute the profits back as dividends.

It's almost like this is the very problem we're discussing.

You're confusing "problem" with "something you don't like."

So you're fine with allowing corporations to pay less and less for increasingly larger slices of the pie?

What are you talking about? What I'm fine with is the ineffectual government getting less money, since they don't spend it particularly well. Here's what will happen with the increased profits:

1. Companies will expand hiring if there is an opportunity for growth
2. Companies will invest in addition capital projects/assets, with the goal of increasing size or improving productivity
3. Firms will distribute profits to shareholders, who will then reinvest them into other companies or investment classes

If you were expecting charity for workers, that was always a problem with your comprehension.
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mario2000 posted...

k now I dare you to go tell a homeless starving person "so long as your chance of having a meal in the future is tied to fat people stuffing their faces, it's in your best interest to keep stuffing their faces for them"

A homeless starving person is not contributing to the face-stuffing.

Questionmarktarius posted...

mario2000 posted...

k now I dare you to go tell a homeless starving person "so long as your chance of having a meal in the future is tied to fat people stuffing their faces, it's in your best interest to keep stuffing their faces for them"

A homeless starving person is not contributing to the face-stuffing.

Well they better start if they want to have a hope of scrounging for table scraps, right?
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Questionmarktarius posted...

mario2000 posted...

k now I dare you to go tell a homeless starving person "so long as your chance of having a meal in the future is tied to fat people stuffing their faces, it's in your best interest to keep stuffing their faces for them"

A homeless starving person is not contributing to the face-stuffing.

It was an analogy. He didnt literally mean a homeless person in this context.
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mario2000 posted...

Well they better start if they want to have a hope of scrounging for table scraps, right?

At the shelter - which probably has corporate sponsors.
http://www.coalitionforthehomeless.org/take-action/corporate-participation/sponsors-partners/