For a president who believes in "Trickle down economics" has failed...tell that to hourly wage workers...
- Thread starter healthmyths
- Start date
elektra
Diamond Member
Trickle down economics has failed to bring about the Marxism democrats are working very hard to implement.
j-mac
Nuthin' but the truth
RWNJ's think they do.
Why would they give corporations so many tax breaks?
“You All Just Got a Lot Richer,” Trump Tells Friends at Mar- ...
Vanity Fair
https://www.vanityfair.com › News › donald trump
Dec 24, 2017 — When Donald Trump and the Republican party unveiled its precious tax legislation, outside analysts immediately noted that the bill seemed ...
'Eye-popping' payouts for CEOs follow Trump's tax cuts
Politico
https://www.politico.com › story › 2018/07/30 › eye-p...
Jul 30, 2018 — The insider sales feed the narrative that corporate tax cuts enrich executives in the short term while yielding less clear long-term ...
Some of the biggest winners from President Donald Trump’s new tax law are corporate executives who have reaped gains as their companies buy back a record amount of stock, a practice that rewards shareholders by boosting the value of existing shares.
Since the tax cuts were enacted, Oracle Corp. CEO Safra Catz has sold $250 million worth of shares in her company — the largest executive payday this year. Product development head Thomas Kurian sold $85 million. The sales came after the company announced a $12 billion share repurchase.
Mastercard CEO Ajay Banga sold $44.4 million of stock in May, the largest single cash-out by an executive of the company in at least 10 years, months after the company announced a $4 billion buyback of its own stock.
Two days after Eastman Chemical announced it would purchase $2 billion of its own stock, CEO Mark Costa sold 55,000 shares for $5.4 million.
j-mac
Nuthin' but the truth
I see a whole lot of jealousy there…
I see a bunch of lies and hypocrisy, as usual.
It's the same old lie Reagan promoted 44 years ago.
j-mac
Nuthin' but the truth
Call the waambulence…the wealthy don’t effect your opportunities…
BS, as usual.
US companies' tax windfall fuels record share buybacks
AP News
https://apnews.com › article
Apr 4, 2019 — U.S. corporations spent a record amount buying back their own shares last year, using 2017's tax-cut windfall to reward shareholders rather ...
U.S. corporations spent a record amount buying back their own shares last year, using 2017’s tax-cut windfall to reward shareholders rather than to invest or expand their businesses.
Companies in the S&P 500 spent $806 billion on stock buybacks in 2018, blowing away the previous record of nearly $590 billion set in 2007. The information technology and financial service sectors were the biggest spenders, with Apple leading the pack. When share prices plunged in the fourth quarter it only encouraged companies to spend more, setting a fourth consecutive quarterly record for buybacks.
Companies can return profits to shareholders either via dividends or buybacks. Buying back shares has the advantage of reducing the number of shares outstanding, which often gives a boost to closely watched financial metrics such as earnings per share.
They AREN'T creating jobs.
Then when Biden actually does...........Teabaggers WHINE.
Then they take credit.
House Republicans tout infrastructure funding they voted ...
ABC News - Breaking News, Latest News and Videos
https://abcnews.go.com › Politics › story
Jan 24, 2022 — House Republicans who voted against the infrastructure bill have been touting funding for their state that came from it.
Biden had 7000 oil leases up for anyone who wanted them, no takers . why should they drill when they can control the price of oil by not drilling. The right is so fucking stupid that it is comical.
The right party exist for only one purpose and that's the transfer of all the wealth in this country into the hands of the few. all the Gun crap , gays , trans, abortion , law and order, border ,all bullshit ,it's only for one reason and that is for votes. The party itself cares nothing about these issues.
I don't see how the follow/vote for this.....BUT.......they do.
healthmyths
Platinum Member
- Sep 19, 2011
- 29,986
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- Thread starter
- #113
You know that is one of the BIGGEST MYTHS generated by the biased MSM!
FACT from the people that DRILL!!!
There are more than 9,000 permits to drill oil on federal lands, as President Biden claimed.
But a variety of factors are keeping that work from getting started.
While more than 9,000 approved permits to drill on federal lands aren’t producing oil and gas,
that doesn’t mean companies could start drilling right now in all of those locations.
Regulatory processes, court decisions and oil prices all play a role in when drilling can actually begin.
At the end of 2021, there were 9,173 approved applications for drilling permits on federal and tribal lands,
according to the Bureau of Land Management (BLM).
2,200 leases are in COURTS which forbids development!
According to the IPAA, some of these leases are going through a “complex regulatory process or are held up in litigation.” Western Energy Alliance, which represents hundreds of companies involved in the exploration and production of oil and natural gas, says on its website that it is defending more than 2,200 leases in court, most of which cannot be developed while the cases are ongoing.
“Federal leases…are subject to environmental studies. They're also subject to lawsuits filed by neighbors, by municipalities, by counties and state governments. And so it's become a more arduous process,” he said.
ANOTHER FACT!!!
some companies wait to begin drilling until oil prices are high enough to make it worth their while.
Another FACT!!!
Due the Covid-19 pandemic, some are facing a six-month waiting period for piping materials needed to drill and are still short-staffed after layoffs spurred by the pandemic-induced drop in demand for oil, Pett said.
All of the above are what the EXPERTS described as reasons the number 9,173 approved leases DOES NOT mean the leases are available for drilling!
FACTS folks so much so that I do not want to read another stupid comment made by people that don't deal in facts statements like.. "Biden had 7000 oil leases up for anyone who wanted them, no takers .
Biden administration restricts oil and gas leasing in 13 million acres of Alaska’s petroleum reserve
Biden administration restricts oil and gas leasing in 13 million acres of Alaska's petroleum reserve
The American Petroleum Institute says the rules limit development in a region "intended by Congress to bolster America's energy security."
www.pbs.org
The sales in 2022 sank the SPR to the lowest level in about 40 years.
Biden Likely to Tap Oil Reserve for Summer Demand, Macquarie Says
- Analyst says government will need SPR to meet gasoline demand
- Pump prices up 17%, supplies tight heading into driving season
Bloomberg - Are you a robot?
www.bloomberg.com
FACTS are hard to argue with so why are you so stupid to repeat what the biased MSM reports!
Toddsterpatriot
Diamond Member
Toddsterpatriot
Diamond Member
Those CEOs are awful!!!
Selling all that stock, paying all those taxes.
Just awful!
Toddsterpatriot
Diamond Member
Toddsterpatriot
Diamond Member
Companies in the S&P 500 spent $806 billion on stock buybacks in 2018....They AREN'T creating jobs.
No jobs were created by those shareholders who now have $806 billion in cash?
You're lying.
HikerGuy83
Diamond Member
- Dec 26, 2021
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The phrase should be "rate of inflation".
When integrated, it shows what we have today. Prices are up 15 to 25% still. They might not be rising as fast, but the damage is done.
HikerGuy83
Diamond Member
- Dec 26, 2021
- 11,576
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He's actually pretty good at what he posts on.
I noticed your supporting evidence for your claim didn't make it onto the post.
You might need to edit it and add it.
Dadoalex
Gold Member
- Jan 11, 2021
- 15,114
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Then one assumes your understanding of the topic matches his.
$100K for a photo that "MIGHT" be Billy the Kid?
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