rbreich ,
@rbreich@masto.ai avatar

What do these corporations have in common?

Exxon Mobil
AT&T
Bank of America
Citigroup
Apple
Google
JPMorgan Chase
Walmart

They each spent MORE on stock buybacks and dividends, which overwhelmingly went to wealthy shareholders, than they paid in taxes after the Trump tax scam.

Bellaboo ,
@Bellaboo@newsie.social avatar

@rbreich Corporate largess and our tax regulations aside, a lot of those dividends and share price increases due to buybacks go to average - not mega wealthy- Americans through their 401k’s and retirement accounts.

If there is a problem, it’s with our tax structure. Not all capitalism is bad!

PJ_Evans ,
@PJ_Evans@mas.to avatar

@rbreich
They're also profitable enough to be paying their CEOs millions of dollars more than they're actually worth.

8xk40367 ,
@8xk40367@mastodon.social avatar

@rbreich That’s kind of their job, you know, paying back the folks who invested in the company. BTW, the money went to shareholders, wealthy or not. The amount of tax is irrelevant.

ManyRoads ,
@ManyRoads@mstdn.social avatar

@rbreich I think they call that trickle down...😜

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