Trump Tax Law: Lower Federal Tax Withholding will increase Net to Employees!

Google is the exception rather than the rule. And the rest of the world has plenty of cheap labor before the US basic laborer will be in need enough to see a livable wage. The U.S. will not be a 2nd rate country, but it will fade into a UK type of country. China simply has better fundamentals and they are making the investments on a scale that the US isn't matching.

 

I'll copy from the other thread - sorry about that.

If a public company gets a tax cut, they end up with more money. In some cases, they would spend it on growth - but here, corporations already have record cash amounts and have nothing to do with it because they are already meeting all necessary demand. So they've simply been buying back record amounts of stock, which raises stock prices - meaning more money goes to the stockholders, who are largely the wealthy. If the corporation gets even more cash, they will just more of that - many companies have already openly said that.

To expand - it's basically a wealth transfer from the country's taxpayers to the subset of the country's taxpayers that own stock. The vast majority of that is owned by the top portion of the country, so it's essentially a wealth transfer from the lower and lower middle classes to the upper middle and upper classes.

 

To support what you're saying, we can present many republican/conservative voices, including blunt public statements from Marco Rubio. Stock buybacks will be the overwhelming result of the tax cuts to corporations in the near term. Yea team.

 

Not much of tax cut for middle class or lower class folks.

 

Epic thread fail. Nice work Trumpanzee.