Rats cut and paste started off with "President Trump started off as aggressive as any President ever in working for the American people as he promised." - to me that means the average American. So while corporate profits in general show a healthy economy vs a tanking market like we saw under Bush II, the market we're currently seeing isn't really affecting the average joe. Otherwise, their wages would be going up in sync and not stagnating or dropping with inflation.
So we have a great tax relief for the corporations, and according to Topper, this is awesome because most of that money will go to "expand, modernize, or hire additional staff". In a perfect world, it would. But greed is good, right?
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"There is still a lot of thinking on the right that if big corporations are happy, they're going to take the money they're saving and reinvest it in American workers," the Florida Republican (Rubio) told the Economist last week. "In fact they bought back shares, a few gave out bonuses; there's no evidence whatsoever that they money's been massively poured back into the American worker."
During the last five years, companies committed $4.9 trillion to mergers and share repurchases, or more than double the $2.3 trillion devoted to pre-tax wage growth, Trim Tabs found.
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Only 13% of companies' tax cut savings will go to pay raises, bonuses and employee benefits, according to a survey of Morgan Stanley analysts released Thursday. 43% will go to investors in the form of stock buybacks and dividends, the analysts predict.
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So in the meantime, we have the average American family still struggling, while CEO pay and stock profits continue to rise.
Meanwhile, about 1/2 of all American families would not be able to come up with $500 in an emergency. LINK
So while it's good to have companies making money, it's what they do with that money that ultimately either helps or hurts the overall economy. And now that taxes are lower, that means there's less money to help the people on the bottom rungs of the ladder - but I guess to consider their plight would make me a communist.