Corporate Tax Cut

This tells us about all we need to know where that big corporate tax cut is going go.... 54% buying back stock,... 37% to dividends,.... 9% to everything else including wages.

He cites the seminal research by economist William Lazonick, who studied S&P 500 companies from 2003 to 2012 and discovered that they routinely spend 54% of their earnings buying back their own stock (reducing the number of outstanding shares and driving up share prices) and 37% of their earnings on dividends — both of which benefit shareholders. That leaves just 9% of earnings for investment in their business and their people.

Is Capitalism Killing America? | Stanford Graduate School of Business:

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