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idk how this is a surprise. Companies have been going based on speculation. Using buyback they are skyrocketting their value, which is why this used to be illeg
by Justsignedup 7y ago
idk how this is a surprise. Companies have been going based on speculation. Using buyback they are skyrocketting their value, which is why this used to be illegal. And tax cuts cannot be used as a justification for adding more departments, because tax cuts are uncertain year to year, so best to base your business on known variables. So they take the tax cuts and then create more value. How could you expect them to do anything else?
- digsy 7y agoMaybe the educated folks on HN couldnt expect anything else. But most people believed the current Administrations reasoning, which was that the tax cut would benefit them by stimulating the economy (eg trickle down economics), which to educated people was obvious BS.
- TAForObvReasons 7y agoIt's debatable whether most people believed it. It was an argument bandied and a bunch of politicians passed a law. It was not put up to a popular vote (like you would see with Propositions in California). All we can really say about the beliefs of Americans is captured by a recent CBS News Poll: > Far fewer think the middle class (31 percent) and homeowners (25 percent) have been helped. More Americans think those groups have been hurt rather than helped by the new law. https://www.cbsnews.com/news/2019-taxes-most-say-new-tax-law-helps-corporations-and-the-wealthy-not-middle-class-cbs-news-poll-finds/ https://www.cbsnews.com/news/2019-taxes-most-say-new-tax-law...