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.
“POLITICO found that 28 House members and six senators each traded more than 100 stocks in the past two years, placing them in the potential cross hairs of a conflict of interest on a regular basis. And a handful of lawmakers, some of them frequent traders and some not, disproportionately trade in companies that also have an interest in their work on Capitol Hill.”
After the furor over Tom Price’s investments, four more members quietly bought shares in the same firm.
People have no clue how the stock market works. When you buy stock in GE, that money does not fund or go to GE, you are buying it from a third party broker. The stock market is a clearing house for company stock that is already in the market, investors don’t buy stock from companies.
The only time investors finance company activity is when the Initial Public Offering (IPO) happens, or on the very rare case that a company makes a second offering of stock to raise capital. Most IPOs are reserved for “institutional investors” such as large banks and hedge funds.
Buying stock doesn’t add anything to a companies value. Investors, for the most part, do nothing expect leach value from the companies. They very seldomly add anything of value and all too often reap the majority of the profits.