by From the Roosevelt Institute comes this graphic on the overall reality of macro policies: The Republicans’ underlying assumption—that corporations invest more and create more jobs only when they are relieved of burdensome tax rates—is false. American businesses already enjoy a historically low cost of capital, and they have more than enough cash on hand to invest, raise wages, and create jobs. Corporations are choosing to make dividend payments and stock buybacks instead of investing because they face a lack of competitive pressure—itself the result of power and wealth shifting toward rich shareholders. Another tax cut for the rich will only make the problem worse.
Topics:
Dan Crawford considers the following as important: Taxes/regulation, US/Global Economics
This could be interesting, too:
Joel Eissenberg writes Elon Musk can’t do arithmetic
Bill Haskell writes Opinion Piece “China’s One-Child Economic Disaster”
Joel Eissenberg writes A housing crisis? Location, location, location
Angry Bear writes What Happens When Corporate Places Greater Emphasis on Stock Buybacks Rather than Quality?
From the Roosevelt Institute comes this graphic on the overall reality of macro policies:
The Republicans’ underlying assumption—that corporations invest more and create more jobs only when they are relieved of burdensome tax rates—is false. American businesses already enjoy a historically low cost of capital, and they have more than enough cash on hand to invest, raise wages, and create jobs. Corporations are choosing to make dividend payments and stock buybacks instead of investing because they face a lack of competitive pressure—itself the result of power and wealth shifting toward rich shareholders. Another tax cut for the rich will only make the problem worse.
