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Here you go those greedy shareholders: Vanguard Group, Inc. 7.26% Blackrock Inc. 6.54% State Street Corporation 3.83% Capital Research Global Investors 2.92% W
by qaq 8y ago
Here you go those greedy shareholders:
Vanguard Group, Inc. 7.26%
Blackrock Inc. 6.54%
State Street Corporation 3.83%
Capital Research Global Investors 2.92%
Wellington Management Company, LLP 2.80%
oh wait thats actually your retirement money
- JustSomeNobody 8y agoOh, so they're not greedy because they hold our retirement funds? I guess that makes it all OK then? You keep voting for those corporate tax cuts. I won't.
- qaq 8y agoWho are "They" Vanguard is owned by people holding money in Vanguard funds for example so in case you have your retirement $ in Vanguard "They" is literally you.
- dd36 8y agoThat's a red herring. We could cut taxes to zero and your investments may go up a little temporarily but it would be catastrophic in medium-to-long term as the dollar collapses and Americans go through a depression and likely a war.
- qaq 8y agoWould you outline how making corp tax to 0 "would be catastrophic in medium-to-long term as the dollar collapses and Americans go through a depression and likely a war"?
- dd36 8y agoDebt default.
- qaq 8y agoHow do you envision that? So companies will stop hoarding money offshore and that will have 0 positive economic effect?
- dd36 8y agoAccess to capital is not a current issue. There is a virtually unlimited amount of capital available in the US to anyone offering it a high return. The issue is the lack of opportunities for high returns.
- twblalock 8y agoCorporate taxes are about 11% of total Federal revenue. If they were cut to zero, that would be bad, but it would not cause the collapse of the dollar or a war.
- dd36 8y agoA $350 billion annual increase in debt would result in default.
- qaq 8y agoyou do realize that money will become someone's income and still will result in tax payments?
- dd36 8y agoHuh? The federal government has current expenses. It needs sufficient income to cover those expenses. Cutting income without cutting expenses is incompetence. Indeed, it should be illegal. Want to cut taxes? Cut spending at the same time or pound sand.
- lukewrites 8y agoIf you're invested in VTSMX, represents 1% or less of your US equity holdings. This disproportionately helps the executives & major investors in Verizon, does little or nothing for the IRA/401k of working schlubs like me, and puts 10,000+ families into a state of economic insecurity.