Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡
Ikke-kategoriseret
21
Indlæg
18
Posters
0
Visninger
-
@yayaver the actual problem is the rule change that Reagan did in 1982 to the Security and Exchange Commission rule 18 B. This is the rule that allows stock buybacks. Prior to 1982, stock buybacks were considered to be market manipulation and were against the law. This is what ushered us into shareholder only capitalism. Rolling back that one rule would mean that profits could not be used to raise shareholder stock value. Prior to 1982 the additional profit was distributed to the employees in the form of higher wages and new research. #ResistOfTheDay
@grayladywriter @yayaver
Everything you hate about America is because of Reagan. -
J jwcph@helvede.net shared this topic
