Skewering of Leftist Economic "Conventional Wisdom"

[Chicks]

Originally Posted by whell

And that's "bad" because...?

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.

Quoting your original point, Apple shows the “conventional wisdom” is absolutely correct.

[whell]

Originally Posted by Chicks

Quoting your original point, Apple shows the “conventional wisdom” is absolutely correct.

Uh, no it doesn't. Apple - in case you missed it, which I strongly suspect you didn't - announced bonuses, expansion plans and new hiring specifically attributable to the corp tax rate cut.

The repatriation is a ONE TIME opportunity to bring funds back from overseas operations that have already been booked as profit for the corporation. Difference scenario.