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John1959 Profile
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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

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“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
12/26/2017, 3:33 pm Link to this post PM John1959 Blog
 
shiftless2 Profile
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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.
12/26/2017, 7:23 pm Link to this post PM shiftless2 Blog
 
Yobbo Profile
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Re: "You all just got a lot richer," Trump tells friends


The rest, somewhat poorer.
12/26/2017, 7:46 pm Link to this post PM Yobbo
 
cooter50 Profile
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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?
12/27/2017, 1:38 pm Link to this post PM cooter50 Blog
 
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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."

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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.
12/27/2017, 8:38 pm Link to this post PM shiftless2 Blog
 
cooter50 Profile
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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?
12/27/2017, 9:32 pm Link to this post PM cooter50 Blog
 
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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.
12/27/2017, 10:24 pm Link to this post PM shiftless2 Blog
 
cooter50 Profile
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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.
12/28/2017, 12:45 am Link to this post PM cooter50 Blog
 
katie5445 Profile
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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?
12/28/2017, 1:34 am Link to this post PM katie5445 Blog
 
cooter50 Profile
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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.
12/28/2017, 10:16 am Link to this post PM cooter50 Blog
 


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