Quote:
Originally Posted by whell
"Conventional Wisdom" - tax cuts for business are bad, since the business will not pass along the benefit of those cuts to workers, and there will be no economic benefit for anyone except business owners or share holders.
Reality:
https://www.bloomberg.com/news/artic...f-tax-overhaul
Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.
“Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.,” Chief Executive Officer Doug McMillon said in the statement.
Wal-Mart’s decision makes it the latest corporate titan to plow expected tax savings into employee payouts. Boeing Co., AT&T Inc. and Wells Fargo & Co. have all made similar announcements in recent weeks. Wal-Mart said it’s “early in the process of assessing potential additional investments” it could make. |
Bonuses Drop, Signaling Tax-Cut Payouts Were a One-Time Windfall
Private-sector companies’ spending on bonuses fell 24% in first quarter from a year earlier
https://www.wsj.com/articles/faded-e...ed-11560871497
Not surprisingly, Whell is once again proven to be a complete fool. Small wonder the idiot is afraid to show his ignorant face around here anymore; virtually everything he believes is always proven to be completely wrong.