Trump's Tax cut Creating Jobs 150 Billion investment from Apple!

Trickle down! Woohoo!

Any minute now some dope will stop by and tell me someone got a $1k bonus with all them billions in tax cuts.

 

10 years from now, all of us will get a tax increase when the cuts expire. Oh, except for the rich - their cuts are permanent. Some crumbs for the little guys so the big guys get the what they really need to survive.

 

...just like old times...

...or Gilded Ages...

 

Companies do not create more jobs or give out higher wages because there is a tax cut, they do that because of law of supply and demand.

 

Fake News! Companies gave out bonuses and raises thanks to this law. Who cares if it was only a tiny percentage of what these companies saved, or that it wasn't nearly across the board, or that some of the raises and bonuses might have occurred anyway, or that the companies really did it to create goodwill and help ensure that the permanent tax cut stays that way?

 

I would prefer the money going into capital investment or wage increases, but I am not sure why people are assuming that shareholders are a universally wealthy group. Apple shareholders include a lot of older personal investors who rely on dividends for retirement income, young people who just started investing (and aren't wealthy), and workers who hold the stock in their 401k. The dividend increase and capital appreciation from the buyback will provide some benefit to these people.

 

Sure. But, there is a wide disparity in stock market participation by income level. This article has a graph.

 

Because we know statistically that the vast majority of stocks are owned by a small minority of the population, so that means that a vast majority of that benefit will go to a small minority of the population.

https://www.washingtonpost.com/post...-value-held-by-top-10/?utm_term=.18c17e0f90b6

38% of the value of stocks is owned by the top 1% of the population. 80% of the value of stocks is held by the top 10% of the population. Those are the parts of the population that have the least financial difficulty, meaning the massive tax cut primarily goes to the wealthy and will be paid for by cutting services (and raising costs like health care and interest rates) on the other 90%.

 

Worth the Trillion in new debt on a continuing basis? That debt pressure is going to bite. Hard decision need to be made down the road and that include deep cuts to social services, to the military and/or other areas. The Congress and POTUS that passed this bill were coward - take the benefits (for themselves, their donors, and mostly for the rich) and push that hard decision down the road for the next next next next next Government to deal with. Little people get some crumbs and unfortunately, that's enough for some to not realize the total loss as a group and that reverse robinhood has happened.

 

Tax cuts save them money and then they make more money when companies do buybacks, increase dividends, etc.

Hey, I'm thrilled. My taxes for 2018 will be less than I what I just paid for 2017 despite 2018 being on track to be my best year ever. My portfolio has done great as well.

Still think it was a stupid, unnecessary bill.

 

I do not own much stock, but i guess my ira and 401k will do well, thank you president Trump.

 

The rich get the meat and potatoes, the middle class gets the crumbs, and the poor continue trying to become rich by supporting the rich people's best interest.

 

All it would take is a little Democrat support to make it permanent for everyone.

 

The 1% that this was designed to help don't need Democrat support... they have trump and the republicans...

 

It helped almost every American you included.

 

Decreasing my taxes isn't helping me when my government can't come close to covering it's own costs.

 

Shock poll: Majority of Americans don’t see Trump tax cuts in paychecks

https://www.washingtonpost.com/blog...tax-cuts-in-paychecks/?utm_term=.239c2b109e8a

Now me personally, my taxes went down. But more of that was due to a lower income level as I didn't get company performance bonuses that I had the past four years.

 

Sounds like the government is spending too much.

 

For sure that's a problem but there's almost no one in government looking to cut spending. You've got one party that is fiscally irresponsible and the other that is even more fiscally irresponsible so you never really get anything worth a damn.