John1959
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"You all just got a lot richer," Trump tells friends
"You all just got a lot richer," Trump tells friends, referencing tax overhaul
https://www.cbsnews.com/news/trump-mar-a-lago-christmas-trip/
--- “I do not believe in the general promiscuous toting of guns. I think it should be sharply restricted and only under licenses.” - NRA president Karl T. Frederick, 1938
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12/26/2017, 3:33 pm
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shiftless2
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Re: "You all just got a lot richer," Trump tells friends
For once he's telling the truth. I'm sure that everyone in the group he was speaking to (and people like them) just got a lot richer. The rest, not so much so.
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12/26/2017, 7:23 pm
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Yobbo
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Re: "You all just got a lot richer," Trump tells friends
The rest, somewhat poorer.
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12/26/2017, 7:46 pm
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cooter50
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Re: "You all just got a lot richer," Trump tells friends
Could never be any more to that statement as in You are all so much richer, so why are you not feeding it out more? Why are you not repairing the industry here now? Could not ever have been a jab in the ribs as a sentiment of hey, wake up and start repairing the nation inference?
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12/27/2017, 1:38 pm
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shiftless2
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Re: "You all just got a lot richer," Trump tells friends
quote: cooter50 wrote:
... You are all so much richer, so why are you not feeding it out more? ...
The answer is simple:
"Wall Street actively cheers against pay bumps: When American Airlines announced raises for pilots and flight attendants, the company’s stock fell 5 percent. “This is frustrating. Labor is being paid first again. Shareholders get leftovers,” Citi analyst Kevin Crissey wrote to clients."
"... most companies have said they’ll use the impending cash glut on stock buybacks and rising dividends, both rewards for shareholders who have sent the Dow Jones Industrial Average up by 25 percent this year in preparation for this moment."
https://slate.com/business/2017/12/at-and-ts-usd1-000-christmas-bonus-doesnt-show-the-tax-bill-will-raise-worker-wages.html
That article is well worth reading in it's entirety. And while you're doing so, don't forget that much of executive management's compensation is often tied to the company's stock price.
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12/27/2017, 8:38 pm
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cooter50
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Re: "You all just got a lot richer," Trump tells friends
So there is ABSOLUTELY Nothing else there? You have a magic crystal ball and can state so unequivocally?
The Middle Class get benefits you "KNEW" would not come as there is ABSOLUTELY NO Trickle Down and you all complain, what's up with that?
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12/27/2017, 9:32 pm
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shiftless2
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Re: "You all just got a lot richer," Trump tells friends
What are you talking about?
Most of the companies have said that they'll give the tax savings to their shareholders (either share buybacks or special dividends).
In general companies are already sitting on excess cash so there is no need for this bill (except to personally enrich Trump and the GOP's big donors).
And we know that trickle down economics has never worked.
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12/27/2017, 10:24 pm
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cooter50
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Re: "You all just got a lot richer," Trump tells friends
And you discount the issuance of bonus to employees, raises to the employees, the addition of MORE employees as if that is Nothing and has nothing to do with the new legislation. Is called Downplaying a condition.
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12/28/2017, 12:45 am
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katie5445
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Re: "You all just got a lot richer," Trump tells friends
Not when the majority has said they will be rewarding their stockholders and who does a bonus go to, not the blue collar worker and what raises and more employees?
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12/28/2017, 1:34 am
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cooter50
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Re: "You all just got a lot richer," Trump tells friends
What majority? All I have seen besides this report is the news of BLUE collar workers receiving raises and bonuses at ATT, Boeing and a few others as airlines.
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12/28/2017, 10:16 am
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