Companies Use Borrowed Billions to Buy Back Stock, Not to Invest

Re:Companies Use Borrowed Billions to Buy Back Stock, Not to... by RHSeeger on Saturday August 10, 2019 @07:08PM (#20665085)

It has always been the case, throughout human history, that advances in technology have reduced the need for some jobs. Given that, the goal should not be to prevent it from happening; you can't in any sustainable way. Rather, making sure that there are other things for the people that would have held those jobs should be the goal. New jobs, reducing the need for jobs altogether, or something else.

But standing in the way of progress telling it to stop is never going to be a realistic solution.

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Re:Companies Use Borrowed Billions to Buy Back Stock, Not to... by TAForObvReasons on Saturday August 10, 2019 @07:11PM (#20665102)

No one is saying that. The evidence shows that companies are spending on automation, so the argument that tax cuts for corporations are going to lead to an increase in labor are dubious at best and utter nonsense at worst.

The best way to stimulate labor is to stimulate demand, aka giving money to the people who will spend. It's sickening to see people pretend that massive corporate tax cuts and middle-wage tax hikes are going to do anything other than reduce labor demand.

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