Politics Apple to hire 20,000, open second headquarters and pay $38 billion tax bill on overseas profits

Weird how the economic trendlines don't show much change before and after Trump.

barfo

 

Only between your ears.

 

Your rhetorical skills are declining, Denny. Probably best to hang it up before you embarrass yourself any further.

barfo

 

http://thehill.com/opinion/finance/371349-democrats-panic-over-avalanche-of-good-economic-news

Democrats panic over avalanche of good economic news

Democrats sound plain silly as they continue to attack the GOP tax cuts.

Former Democratic National Committee ChairwomanDebbie Wasserman Schultzsaid at a recent town hall that $1,000 bonuses “wouldn’t go very far,” and they were taxable, so it wouldn’t really be $1,000 after all. Amazingly, she also said she hadn’t heard of any bonuses bigger than $1,000.

Is she really that out of touch? As Fox Business hostCharles Payne noted in a tweet, Schultz represents a district where the median household income is $50,000. Does she think her constituents wouldn’t welcome a $1,000 windfall?

Moreover, she apparently missed the announcements that Waste Management will pay$2,000 bonuses to 34,000 employees. She also failed to notice similar payments recently made by Fiat ChryslerandApple.

Schultz also neglected to mention the pay hikes announced by many companies, including AT&T, Wells Fargo, Fifth Third Bancorp, Boeing, Walmart and Comcast, that will make a permanent difference to workers going forward.

Is Debbie not keeping up? Or is she so panicked over the avalanche of good economic news triggered by the Trump agenda that she can no longer bear to read the headlines?

She made the disparaging comments while appearing with House Minority LeaderNancy Pelosi(R-Calif.), who has been leading the charge against Trump’s tax cuts.

The wealthy Pelosi has famously likened $1,000 bonuses to “crumbs”; this, from a woman who in 2011 called a $40 payroll tax savings passed by President Obama a “victory for America.” At the time, Pelosi tweeted that the $40 weekly benefit would “make a difference” to the American people.

Here’s the bad news for Democrats: The good news from the tax bill is going to be bigger and more powerful in the months ahead, leading right up to the fall elections. The most important number contained in the fourth-quarter GDP report was a 6.8-percent rise in business nonresidential investment.

 

My post was 100% accurate.

 

When are we going to ditch the whole "shareholders are bad people" thing? I mean, just about every 401k, retirement plan and pension fund has some level of exposure to the market. There are way more grandmas relying on that 4% dividend than fat cats making an extra mill-five. If the board chooses to reinvest or redistribute, why is that a bad thing?

 

https://www.wsj.com/articles/pfizer...manufacturing-from-tax-law-changes-1517319342

Pfizer Plans $5 Billion Boost in U.S. Manufacturing From Tax Law Changes
The drugmaker plans to pay a tax of $15 billion on overseas profits over the next eight years

As a result of savings from the tax changes, Pfizer made a $200 million contribution to the company’s charitable foundation in the fourth quarter, plans to pay $100 million in bonuses to employees and will make a $500 million contribution to its U.S. pension plan by the end of September.

The company said it plans to buy back $5 billion in shares this year and invest $5 billion in manufacturing and other capital projects in the U.S. over the next five years.

 

I don't think anyone has ever said that shareholders are bad people. At least nobody here.

It's not a bad thing, it's just that only about half of Americans have any exposure to the stock market at all, so it doesn't do anything to help the other half.

Helping half of Americans is great, so far as that goes. The fact that it helps, overwhelmingly, the top fraction of a percent, makes it something that the average guy on the street probably shouldn't get excited about. It widens the already historically extreme wealth disparity in this country.

barfo

 

Let half the people eat cake.

-- barfo

 

As a reply to my post, that doesn't make a whole lot of sense.

barfo

 

It makes total sense.

You're upset it only helps half the people. As if you'd rather it helped none. Screw half the people.

 

You seem to have misread my post.

SAD!

barfo

 

Yes, you are sad.