American companies have announced more than $178 billion in planned buybacks — the largest amount unveiled in a single quarter.... Economists believe a rising stock market benefits the economy, helping support consumer and business confidence. But the vast majority of the billions of dollars in planned share purchases will benefit the richest 10 percent of American households, who own 84 percent of all stocks. The top 1 percent of households own about 40 percent of all stocks.
Ultimately, the effect of the rising stock market depends on how those wealthy investors use their windfall. It helps the economy more, for example, if they put the money toward productive new companies than if they invest in government bonds.That is not what happened in 2005, when a one-time tax holiday allowed companies to repatriate money on the cheap. That plan, championed by President George W. Bush, was sold as a way to get American companies to invest more in the domestic economy.
Some $300 billion came back to the United States that year. But economists estimated that as much as 92 percent of it may have been paid out to companies’ shareholders — mostly in the form of buybacks.
Mronz wrote:Arkan, sorry but I don't believe it is my job or my government's job to worry about how we can convince people to not kill themselves. That is a choice made by the person doing it, I can't stop them, you can't stop them, those who really will kill themselves, will find a way.
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