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I suspect a lot of it has been invested in overseas locations, including manufacturing operations globally. It may be that the money did indeed "trickle down",
by pcrh 9y ago
I suspect a lot of it has been invested in overseas locations, including manufacturing operations globally. It may be that the money did indeed "trickle down", but not into the US.
- sokoloff 9y agoI agree. If the US makes it even less attractive to invest capital here, do we think we'll get more or less capital investment and job creation here?
- WalterBright 9y agoYup. Investment flows to where the most returns are, and taxes loom large in such calculations. But that isn't the point here, which is it is invested, not stuffed in a mattress.