General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTaxcuts will be invested on Wall Street.
Not on Main Street.
The stock market is the new economy.
Many, if not most, companies believe they can make more money by investing their profits in the market, rather than creating new jobs. For many businesses, that may be true?
That is why the huge taxcuts planned by Trump and the Republicans will not end up on Main Street. They will not be used to create more jobs - they will be used to create more creative investments.
The stock market is where the money will go.
And that is where the bubble will explode. Just like all bubbles in the past, this one will create havoc within our economy.
Congress will create more loopholes to make it easy for companies to invest in the market. They will not create that many jobs. They will create some, but not nearly enough to reach the grandiose goals of the Republicans.
Just like in the past, they will destroy our economy.
Turbineguy
(38,108 posts)fuck America. And finally, they are getting the outside help they need to do so successfully.
hollowdweller
(4,229 posts)kentuck
(112,323 posts)It is right on!
think
(11,641 posts)beachbum bob
(10,437 posts)and CRASH the economy...we all have seen this before. All democrats have to do is gridlock all such tax cuts and make the american people give a damn on how its going to AFFECT THEM
kentuck
(112,323 posts)But there just isn't enough. They will explode the debt.
Just like when Reagan said you can no longer deduct your credit card interest. And your unemployment checks will be taxed. Also, we will raise FICA taxes to "save Social Security".
But it was all to cover for the huge taxcuts for the wealthy.
Buckeye_Democrat
(14,984 posts)My father used to joke about putting "paper pushing" bankers and businessmen on a large deserted island where they'd all perish eventually from lack of "real skills". At the rate we're going, we'll be a nation of paper pushers someday.
lastlib
(24,423 posts)Or spent, creating inflation. More dollars chasing goods means prices go up--for everyone.
Stock markets are secondary markets. IOW, the securities traded were previously owned. Buying securities there puts ZERO money into a company! THAT was done at the initial offering of that security, when the really rich folks and brokers get their hands into the pot. It's kind of like buying the trading cards that come with the bubble-gum, taking the bubble-gum out, then re-selling the trading cards. The cards can be traded any number of times, but the bubble-gum will always be gone. So investing in stock never puts more money into an existing company; that was already done. Thus, there may be new tax incentives in put money into the markets, but since none of that money gets to the companies, they can NOT create any additional jobs with it.
It's all another GOP LIE.
kentuck
(112,323 posts)with a very minimal tax, if any at all. They have been waiting for this for years.
And it is not going to be invested in jobs. It is going to be invested in paper.
safeinOhio
(33,622 posts)Will be invested in stock buy backs. Increases the value of stocks owned by CEOs.
DonCoquixote
(13,653 posts)Wall Street has no loyalties to America. China and Russia will see a lot of that money, if not most, and the Saudis and Japanese will eat the rest.