The tax reform reduces corporate taxes, which directly benefits corporate shareholders. The bottom 90% control a tiny slice of corporate wealth and benefit a lot less than the shareholders.
The declared purpose of the reform was increase in investment. Instead, we see buybacks, profit taking, etc.
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timeasmymeasure
Re: Yes, but
Date: 2019-02-01 03:37 am (UTC)The declared purpose of the reform was increase in investment. Instead, we see buybacks, profit taking, etc.