Companies buying shares of their own stock only artificially inflates it’s price, it adds no value to the company or the economy as a whole. If corporations have money to waste on buybacks, they are hoarding too much money that could be spent productively in the real economy.
Sen. James Inhofe Bought Defense Stock Days After Pushing for Record Pentagon Spending—Then Dumped It When Asked About It
“Just days after signaling his support for unprecedented levels of U.S. defense spending, the chairman of the Senate Armed Services Committee purchased between $50,000 and $100,000 in stock in defense contractor Raytheon.”
How much more corrupt can they get?
Ethics experts say the purchase underscores the moral hazard of lawmakers owning assets in areas of industry affected by legislation they are in positions to author.
This headline says it all. Wall Street and the real economy are at odds. If workers “wages get too hot” ie people start making more money, the market will drop. Wall Street is a parasitic casino that sucks money out of the real economy, by that I mean manufacturing, construction, public works, and the service sectors.
Friday’s nonfarm payrolls report for September comes at an important time for markets: As inflation fears again pop up, the government’s measures of not only job creation but also wage growth could provide important signposts for what’s ahead.
Just another wealth transfer scheme. Steal from the poor and give to the rich #Trumponomics
The White House promised ’70 percent’ of the tax cut would go to workers. It didn’t.
Insider trading much?
Trump is just looking out for the hard working hedge fund billionaires
Carl Icahn has impeccable timing.
Corporations use profits to inflate their stock price and pay larger dividends to share holders. Companies don’t hire people because they have more money, they hire people when there is more demand for products.
When rich people get a tax cut, they buy stock and real estate.
When corporations get a tax cut, they repurchase their stock shares to inflate the price, increase CEO pay, and increase their dividends.
These people don’t suddenly hire more workers because they got a tax cut. They already have plenty of money, more money won’t suddenly make them hire you or increase your pay.
The only thing that increases the number of jobs is an increase in demand. And increase of demand is achieved when workers and average people have more money to purchase goods. Higher wages for workers = more demand for goods = more jobs This isn’t calculus, it’s economics 99
Emoluments and let’s find out how much stock President Trump hold sin Pharma Companies.
President Trump cuts a deal for US$100 billions in advanced tech fighter jets for the Saudis. Then the Saudis gave Ivanka Trump US$100 millions for her pet projects. Sounds like the method used to get building permits in some southern corrupt city. Give a nice present to the County Supervisors’ brother-in-law’s construction company and voila! The permits are approved.
All Americans: Eric Schneiderman, NY Attorney General, is accepting calls to investigate Trump’s violations of the emoluments clause and is EAGERLY tallying up public support. He doesn’t care whether it comes from residents of New York. Staffer recommended we call AND email. (212) 416-6218. Email address is email@example.com and message need only read: “Please investigate President Trump’s possible violations of the Emoluments Clause.”
Now, how can you really say the Big Donald is a criminal? Put aside obstruction of justice for a moment.
Emoluments. Just in case you may have forgotten, here’s a definition, “Emolument, noun (plural usually emoluments) formal: A salary, fee, or profit from employment or office… ”
The founders considered the emoluments so important they used it three times in US Constitution. These excerpts are from the original text with the occasional quaint spelling of 1787. The first applies to the members of Congress. They can’t moonlight holding two paying jobs at one time with the government. The second applies to any official of the United States of America who cannot accept gifts from foreign officials or states. The third is specifically for the President.
The US Constitution.
Article I, Section 6, Paragraph 2.
“No Senator or Representative shall, during the Time for which he was elected, be appointed to any civil Office under the Authority of the United States, which shall have been created, or the Emoluments whereof shall have been encreased during such time; and no Person holding any Office under the United States, shall be a Member of either House during his Continuance in Office.”
Article I, Section 9, Paragraph 8.
“No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.”
Article II, Section 1, Paragraph 7.
“The President shall, at stated Times, receive for his Services, a Compensation, which shall neither be increased nor diminished during the Period for which he shall have been elected, and he shall not receive within that Period any other Emolument from the United States, or any of them.”
No official is allowed to have gotten money (emoluments) from anyone but the federal government while they serve. But wait, do we not have the very creative work on Super PACs and those united citizens of our SCOTUS plus other carious political bags of money benefitting most members of our Congress and our Executive Branch? Yes we do. So why do we allow this money and favors to corrupt our government? Maybe it’s because it is so easy to conceal the money in the Caymans or in some hidden bank who knows where.
The big and little media do not seem to care. The media has become the people who voted for the Big Donald. Uncaring and unknown.