How America's biggest companies are spending their tax cuts.

Jump to Last Post 1-5 of 5 discussions (47 posts)
  1. Randy Godwin profile image92
    Randy Godwinposted 4 months ago

    That Spanky, what a card he is! Did anyone with a lick of sense suspect his tax cuts would benefit the average citizen?  Check it out, pilgrims! yikes

    https://www.msn.com/en-us/money/compani … mp;ffid=gz

    1. wilderness profile image96
      wildernessposted 4 months agoin reply to this

      Hmm.  They're "spending" it by giving it to the owners of the company.  To people like myself that have a few stocks.  To the millions of people with a 401K or an IRA in stocks to go along with the tax cut they already got.  I'll have to watch and see if my dividends go up.

      But it doesn't help the little people at all, does it?  They don't need help with their retirement; Social Security is all they need, right?

      1. Randy Godwin profile image92
        Randy Godwinposted 4 months agoin reply to this

        Does this article mention anything about the companies expanding their employment roles? Wasn't this touted by Spanky as a job incentive?

        1. wilderness profile image96
          wildernessposted 4 months agoin reply to this

          LOL  With unemployment at the lowest point in decades I'd say the employment roles have expanded.  Or will you declare that all those jobs are from exporting illegals and leaving their jobs open for Americans?

          But you didn't answer the question: does increasing dividends help the little people, those with a few stocks or an IRA invested in the market?

          1. Randy Godwin profile image92
            Randy Godwinposted 4 months agoin reply to this

            Not much unless you're in the top !% which get over 80%0f the benefits. I didn't realize you were in that bracket, Dan. Hey big man, let me hold a dollar!  smile

            And you don't seem to notice when I ask you questions....as in my last comment. tongue

            1. wilderness profile image96
              wildernessposted 4 months agoin reply to this

              I guess if they own 80% of the company they should get 80% of the benefits that company produces. What you you suggest?

              Perhaps you should read better?  "I'd say the employment roles have expanded." answered your question.

    2. Credence2 profile image80
      Credence2posted 4 months agoin reply to this

      That's the "system" for you.

      We all knew that what the article alluded to and what you are saying was going to happen in advance. Job creation from trickle down GOP fat cat tax cuts have always been a red herring, going back to David Stockman and Ronald Reagan.

      It is not for me to say what the companies do with their windfalls, just wish that the Right stop with their deceptive tactics that this trickle or tinkle down thing is actually going to benefit the man in the street.

      1. Wesman Todd Shaw profile image98
        Wesman Todd Shawposted 4 months agoin reply to this

        My understanding of men 'on the street' is that street persons do not pay taxes to begin with. So why would a person who doesn't pay taxes benefit from a tax cut? Oh hey, they do anyway, as no one can waste taxpayer dollars like government. When working people have more money, it benefits even men 'on the street.'

    3. Live to Learn profile image78
      Live to Learnposted 4 months agoin reply to this

      I would say this isn't too unfortunate. The company I work for pays well forthe industry and gave all employees a one time bonus, I assume from that legislation. I don't know that they could hire more people. I'm certain they would love to but they have to first expand their client base (which they actively attempt). I would think some companies would return savings to investors.

      If we were looking at a situation like when the government bailed out large companies (during the Obama years), where CEO's and management used the windfall to ensure they got their bonuses and perks (while there was no relief for the primary workforce), I'd be mad as hell.

  2. Wesman Todd Shaw profile image98
    Wesman Todd Shawposted 4 months ago

    So what? This just reinforces what anyone with a brain already knew - that it is smart to invest smartly, and now it seems, were it possible, even more so. So be smart.

    1. Randy Godwin profile image92
      Randy Godwinposted 4 months agoin reply to this

      How many new employees are you hiring, Wesman?  tongue

      Unless you and Dan are in the top 1% you're getting peanuts.  Really smart!

  3. JAKE Earthshine profile image78
    JAKE Earthshineposted 4 months ago

    it must be REPEALED: Everyone knows the Trump / Republican corporate welfare tax cut scheme is nothing but a 7 Trillion Dollar explosion to our deficit which will threaten cuts in other areas for the working class and senior citizens: Right now, Spanky is trying to slash healthcare for children and he'll continue to be punished by the forces of good:

    It was nothing but a massive unholy transfer of our wealth to Spanky Trump's elite Wall Street pals and it will never create more jobs nor will it bring back trillions of corporate cash stashed away in foreign countries who are avoiding paying their contributions to the USA, but it will make Wall Street shareholders wealthier, Wall Street execs richer and foreign adversaries fatter:

    Apple isn't using their new found 'FREE' wealth to create jobs or help the worker nor are any other Wall Streeters, billions are getting funneled right back into the ceo's greedy little pockets:

    http://www.thefiscaltimes.com/2018/05/0 … p-Tax-Cuts

    1. wilderness profile image96
      wildernessposted 4 months agoin reply to this

      "It was nothing but a massive unholy transfer of our wealth to Spanky Trump's elite Wall Street pals"

      Ignoring that portion that goes to those that aren't his buddies, just whose wealth is it?  Yours because you want it even though you didn't earn it?

      1. JAKE Earthshine profile image78
        JAKE Earthshineposted 4 months agoin reply to this

        It's absolutely OUR wealth: How many billions would the Walton Family or any other owners have amassed if not for the work force doing the heavy lifting while they packed and shipped the billions over seas? ANSWER zero: And how do they repay America? By shipping trillions to foreign countries:

        Sorry, but when there are millions of homeless individuals, millions of seniors who cannot afford their medication. millions of workers who are under paid and millions who are uninsured in America then yes, giving this creepy looking greedy weirdo and others just like him more millions to buy another yacht or two is undeniably unholy: But obviously they don't care, they know they're going straight to hell soon anyway:

        https://usercontent2.hubstatic.com/14045013.jpg

        1. Wesman Todd Shaw profile image98
          Wesman Todd Shawposted 4 months agoin reply to this

          What portion of what I earn is yours? It is interesting how you believe other person's earnings is 'ours.' Or did you really mean yours?

          1. Randy Godwin profile image92
            Randy Godwinposted 4 months agoin reply to this

            Then you'll be more than pleased to help pay back the Trillion and a half bucks we had to borrow from the Chinese to fund your petty tax cuts. It's for damn sure the major recipients of the cuts won't repay it.

            1. Wesman Todd Shaw profile image98
              Wesman Todd Shawposted 4 months agoin reply to this

              I don't make enough to pay taxes. Isn't it odd how I don't complain about poor little me not getting a tax cut when I don't pay taxes? Oh sorry, I meant rational and mature, not 'odd.'

              1. Randy Godwin profile image92
                Randy Godwinposted 4 months agoin reply to this

                So I get it now. You don't care if the rich get a huge tax break cause it won't affect you in the least, right?  Think again, Wesman. You'll pay more for products you need and more sales taxes to rid us of this massive debt, and for what?

                If they'd given the lions' share of the cuts to the people it would've been put right back into the economy and the same dollars would already have generated much in just sales taxes. The rich are buying more stock with the money.......

                1. Wesman Todd Shaw profile image98
                  Wesman Todd Shawposted 4 months agoin reply to this

                  And stock buy-backs are wonderful for persons invested in such stocks. You don't have to be rich to buy stocks. I know this because I've never been rich, and I used to play the stock market some.

                  Want to be miserable? I know one way to be miserable for certain - spend your time worrying about what other people are doing with their lives and their money.

                  1. Randy Godwin profile image92
                    Randy Godwinposted 4 months agoin reply to this

                    I've actually never been miserable with anything to do with money, not that I'm wealthy by any means, but it's something I don't dwell on as to who has what. But if you think the top 10% of wealthy people do not have the game stacked in their favor then see how the divide is growing year by year. When will you become concerned?

          2. JAKE Earthshine profile image78
            JAKE Earthshineposted 4 months agoin reply to this

            Wesman asked "What portion of what I earn is yours"?: That depends upon were you live, if it's the United States then you owe me a certain percentage of what you earn via taxes and if you stash money in foreign countries then you owe me even more plus penalties:

            We do have a country to run right? and either those workers who can't afford it will pay or those who can afford it will pay and with Mr. Trump's / republicans corporate welfare tax cut scam they recently passed which must be repealed, they have made the very predictable decision that those who can't afford it must pay: What else did anyone expect from an elite draft dodging phony president?

            1. Wesman Todd Shaw profile image98
              Wesman Todd Shawposted 4 months agoin reply to this

              No pal, I think you owe me. You owe me all of your income. My justification for this is the same as your justification for your nonsensical and incoherent babbling.

              Taxation is theft. Trump caused our corporations to be less stolen from. Government wastes taxes so easily because it's ill gotten gain. No sweat off of their backs. It's so wonderful to have a low taxation (theft) POTUS in office.

              I can hardly wait to vote against democrats for the rest of my life.

              1. Credence2 profile image80
                Credence2posted 4 months agoin reply to this

                Taxation is theft? Inane rightwing nonsense, the stuff of anarchists.

                You don't really believe that the services rendered by Government and its agencies are free, do you?
                What about you rightwingers and your precious military, would not having that bother you?

                Rest assured that I wait patiently for Trump's fall and the discredit of the entire political right and choose to vote Democrat and the progressive line for life. So, we are at an impasse, yes?

                1. Live to Learn profile image78
                  Live to Learnposted 4 months agoin reply to this

                  LOL. You're so cute credence. I always imagine you at the computer shaking your first in defiance.

                  1. Credence2 profile image80
                    Credence2posted 4 months agoin reply to this

                    Yes, we defy and we need to. Do you agree with what this fellow is saying? If you do then you are farther from the middle of the road than you appear.

                    Thanks, though, I have over recent years long gave up the idea of being "cute' in anyone eyes....

                  2. GA Anderson profile image80
                    GA Andersonposted 4 months agoin reply to this

                    Ha! Now that mental image clicked right into place. I can see it too.

                    GA

                2. Wesman Todd Shaw profile image98
                  Wesman Todd Shawposted 4 months agoin reply to this

                  We can't have reached an impasse because you simply don't matter much to me, and this was best exemplified by the fact I wasn't even talking to you.

                  Progressivism is less in value than excrement, and it is personified by all the failed policies and ideology of Marxism from last century.

                  1. Credence2 profile image80
                    Credence2posted 4 months agoin reply to this

                    Believe me, it does not matter to me, that you find US insignificant. We are here anyway to counter your every move and there is nothing you can do about it outside of chewing your cud. I don't need look in rubbish cans to find pearls of wisdom, get my drift? Same old right wing rants and nonsense, what do have to say that anyone wants to hear?

                    Most sorry that we cannot find common ground and most likely, never will.

  4. profile image0
    ahorsebackposted 4 months ago

    Probably what he means is "Too much taxation or today's amount of Taxation "  is theft and of course it is !    Unless you are an entitlement seeker which most middle Americans are today .

    1. Live to Learn profile image78
      Live to Learnposted 4 months agoin reply to this

      Middle America has as little in common with your statement as it does with Hillary. It isn't ignorantly insulting others. It actually cares about the country and cares about opposing opinions. It is willing to take all views into account to find compromise in order to continue to remain the sorely abused majority.

      We put up with the entitled bullsh#t beliefs of the far ends because, even though we do roll our eyes behind their backs at the selfish ignorance we sometimes feel exposed to, we realize we owe the courtesy of attempting to understand those concerns since a government of the people and by the people and for the people must, by definition, allow all voices to be heard. We also understand the need to allow those far ends to whine, but don't feel obligated to grease a squeaky wheel, to the detriment of the majority.

    2. Credence2 profile image80
      Credence2posted 4 months agoin reply to this

      OK, Ahorseback, but that is not what he said. So who is buttering your bread? Are you not eligible for Social Security, that which conservatives call an 'entitlement'?

      1. profile image0
        ahorsebackposted 4 months agoin reply to this

        No , conservatives do not call SS entitlements , that is all our earned income , SSI disability abuse now is another story altogether , double and triple dipping is another story .    You sure like to bunch all of the negatives together don't you , feed the lies and they will grow ?

        1. Credence2 profile image80
          Credence2posted 4 months agoin reply to this

          If that is not true where is the basis of your position that the middle class mostly grovel for entitlements?

          I don't believe that most middle class are on welfare or receive food stamps...

          1. profile image0
            ahorsebackposted 4 months agoin reply to this

            I don't believe they are either , I say it's the left is who craves entitlements not the middle class , It's obvious .  Why would most of your new alt- left  vote Sanders if not for the entitlement " pay off ". Minimum guaranteed income , free health care , free free free............you got pretty close !

            1. Credence2 profile image80
              Credence2posted 4 months agoin reply to this

              The Left supported Sanders, regardless of his pipe dream position on a few things over the arrogant ugly face of crony Capitalism unrestrained as found in Donald Trump.

              1. profile image0
                ahorsebackposted 4 months agoin reply to this

                But you didn't see the same shades of crony capitalism in Obama , Clinton ?  Palease.'...............a little bit color blind maybe ?

                1. Credence2 profile image80
                  Credence2posted 4 months agoin reply to this

                  There is such a thing as sheer magnitude and extent, which the investigations over Trump now will reveal in due time.

                  1. profile image0
                    ahorsebackposted 4 months agoin reply to this

                    You should know by now as we all do that the  ".........sheer magnitude and extent ........" is simply the extent of hate for Trump by the left  and the overall magnitude of their delusion .

  5. Wesman Todd Shaw profile image98
    Wesman Todd Shawposted 4 months ago

    The Age of Petty Tyrannies
    By John W. Whitehead

    We labor today under the weight of countless tyrannies, large and small, carried out in the name of the national good by an elite class of government officials who are largely insulated from the ill effects of their actions, and inflicted on an overtaxed, overregulated, and underrepresented populace. Consider, for example, that federal and state governments now require on penalty of a fine that individuals apply for permission before they can grow exotic orchids, host elaborate dinner parties, gather friends in one’s home for Bible studies, give coffee to the homeless, let their kids manage a lemonade stand, keep chickens as pets, or braid someone’s hair, as ludicrous as that may seem.

    A current case before the Supreme Court, Niang v. Tomblinson, strikes at the heart of this bureaucratic exercise in absurdity that has pushed overregulation and overcriminalization to outrageous limits. This particular case is about whether one needs a government license in order to braid hair. Missouri, like many states across the country, has increasingly adopted as its governing style the authoritarian notion that the government knows best and therefore must control, regulate and dictate almost everything about the citizenry’s public, private and professional lives.

    It’s not just hair braiding that has become grist for the overregulation mill. Almost every aspect of American life today—especially if it is work-related—is subject to this kind of heightened scrutiny and ham-fisted control, whether you’re talking about aspiring “bakers, braiders, casket makers, florists, veterinary masseuses, tour guides, taxi drivers, eyebrow threaders, teeth whiteners, and more.” For instance, whereas 70 years ago, one out of every 20 U.S. jobs required a state license, today, almost 1 in 3 American occupations requires a license.

    This is what happens when bureaucrats run the show, and the rule of law becomes little more than a cattle prod for forcing the citizenry to march in lockstep with the government.


    https://usercontent1.hubstatic.com/14049102_f1024.jpg

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)