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:
Angry Bear writes Geneva plans to pay NGO wages after US foreign aid freeze
Bill Haskell writes Industrial Policy
Angry Bear writes Inflation. How worried should we be?
Angry Bear writes Tariffs Driving Drug Prices Higher
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.
