Schumer and Sanders: Limit Corporate Stock Buybacks

Re:Schumer and Sanders: Limit Corporate Stock Buybacks by elektor on Tuesday February 05, 2019 @10:35AM (#19086178)

From the article: President Trump promised the typical American household a $4,000 pay raise as he pushed for his tax giveaway to the rich. The reality, however, is that from December 2017 to December 2018, real wages for average workers have gone up by just $9.11 a week.

While I agree with Schumer and Sander's viewpoint, I think it's a little disingenuous to compare a per year value to a per week value.

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Re:Schumer and Sanders: Limit Corporate Stock Buybacks by dfxm12 on Tuesday February 05, 2019 @10:40AM (#19086246)

Not at all. 9.11 * 52 = 473.72. At the very least, it's very obviously somewhere between $468-$520/yr, just over 1/10 of what was promised. There's no insincerity nor obfuscation...

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Re:Schumer and Sanders: Limit Corporate Stock Buybacks by creaghpatr on Tuesday February 05, 2019 @10:50AM (#19086372)

Well, except 'household' is not the same as 'worker', and 'typical' is not falsifiable so it could mean anything. When you take a 'typical' household, say 2 employed parents 2 kids and they own a home or other assets it's far from an unreasonable estimate.

But this isn't about reasonable estimates, of course. Hence the deceptive per worker per week comparison. You got played by the household versus worker they snuck in there.

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Re:Schumer and Sanders: Limit Corporate Stock Buybacks by mcv on Tuesday February 05, 2019 @10:37AM (#19086209)

Multiply by 52. That makes it $4000 compared to $474.

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