500 companies return $1 trillion to shareholders in tax-cut surge

Discussion in 'Politics' started by Confounding, May 26, 2018.

  1. Confounding
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    Confounding BANNED

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    Thoughts?

    S&P 500 companies return $1 trillion to shareholders in tax-cut surge

    In the 12 months through March, S&P 500 companies paid out $428 billion in dividends and bought up $573 billion of their own shares, according to S&P Dow Jones Indices analyst Howard Silverblatt.

    That compares to combined dividends and buybacks worth $939 billion during the year through March 2017, Silverblatt said in a research note.

    Earnings per share of S&P 500 companies surged 26 percent in the March quarter, boosted by the Tax Cuts and Jobs Act passed by Republican lawmakers in December.

    Companies have been returning much of that profit windfall to shareholders via share buybacks and increased dividends at never before seen amounts, highlighted by Apple’s record $23.5 billion worth of shares repurchased in the first quarter.
     
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  2. antontoo
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    antontoo Gold Member

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    Good for shareholders, bad for America in general.

    [​IMG]
     
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  3. Lewdog
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    Lewdog Gold Member

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    This is why trickle down economics doesn't nor has ever worked.

    Economist said this from the very beginning when the Trump tax beak plan was first announced.
     
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  4. antontoo
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    antontoo Gold Member

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    [​IMG]
     
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  5. WheelieAddict
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    WheelieAddict Gold Member

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    Republicans aren't fiscally responsible. That's a myth. They explode debt for a temporary stimulus for shareholders. When they are out of power they will blame it on others and claim they are the responsible ones to fix it. It's a scam
     
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  6. WheelieAddict
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    WheelieAddict Gold Member

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    That CBO is fake deep state Obama/Clinton lies!
     
  7. frigidweirdo
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    frigidweirdo Platinum Member

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    Gambling is illegal in most of the US, unless of course it's gambling on the stick market.
     
  8. Jessica123
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    Jessica123 BANNED

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    Everyone with half an brain knew that Trickle down wouldn't work and that the rich would just do shit like this.
     
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  9. Jessica123
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    Jessica123 BANNED

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    Part of the reason they're exploding the debt is so they can use it as the excuse to cut the hell out of the safetynet. The bastards want the American people to be the cheap labor for the rich so fucking bad that they can taste it.
     
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  10. BuckToothMoron
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    BuckToothMoron Gold Member

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    To me, this is very ominous. These companies decide to reduce the outstanding shares and payout dividends with surplus cash instead of using the money to grow their business. That does not indicate a bullish attitude by these companies.
     
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