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. |
So you found the exception that proves the rule.
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It occurs to me that republicans seem to view black, Mexican, LGBT, Muslims and poor people in the same light as Nazi Germans once viewed Jewish people. We must be vigilant that it goes no further.
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