3 ms·
a journalist could write an article saying "company spends 100% of profit on buyback, giving none of it to workers." I think the claim is that reinvestment cau
by adrianratnapala 9y ago
a journalist could write an article saying "company spends 100% of profit on buyback, giving none of it to workers."
I think the claim is that reinvestment causes the company to trickle down wealth to workers more than the alternatives. It's not an absurd claim, though not an obviously true one either.
- repsilat 9y agoWhen companies reinvest their money, people complain that they aren't doing their part by paying taxes on profits. They can't win. https://www.wsj.com/amp/articles/amazon-takes-over-the-world-1506104228 https://www.wsj.com/amp/articles/amazon-takes-over-the-world... > Something is deeply amiss when a company can ascend to almost a half trillion dollars in market value—becoming the fifth most valuable firm in the world—without paying any meaningful income tax. Does Amazon really owe so little to support public revenue and public needs? If a giant firm pays less than the average 24% in income taxes that the companies of the S&P 500 pay, it logically means that less-successful firms pay more. In this way, Amazon further adds to the winner-take-all tendencies plaguing our economy. (I know, I know, "The poor embattled multinationals...")