Re:Ex-SolarCity employees: We were fired after reporting mil...
by zaroth on Tuesday July 31, 2018 @08:16PM
(#17658526)
> Which is great, except the vast majority of companies are using that 33% for stock buybacks.
That’s certainly a popular talking point, but I think frankly it’s impossible;
“Publicly traded companies constitute less than 1 percent of all U.S. firms and about one-third of U.S. employment in the non-farm business sector.”
Re:Ex-SolarCity employees: We were fired after reporting mil...
by s73v3r_ on Wednesday August 01, 2018 @11:50AM
(#17663620)
"That’s certainly a popular talking point, but I think frankly it’s impossible;"
Think what you want, but you're not entitled to your own facts. And the facts show that, most publicly traded companies used the money for buybacks, and that wages did not grow very much in the last quarter, which one would expect if these tax cuts were going to go to wages. Which they didn't.
Which isn't being accompanied by wage gains, and were going up long before the tax cuts happened.
"That’s because that extra 33% in our bank balance means more marketing spending, more inventory, more open reqs for hiring sale, marketing, support, and engineering, etc. etc."
Which is great, except the vast majority of companies are using that 33% for stock buybacks.