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Here’s What Happens After A Tax Holiday
By now, everyone who follows politics and markets is probably well aware that between corporate tax cuts and a planned repatriation holiday, there's a pretty high likelihood that companies will continue to buy back their own shares.
As you may or may not know, buybacks are a considerably large source of overall equity demand. Remove the corporate bid, and you take away a key part of the bull thesis.
Of course buybacks are funded with debt, and central bank largesse has ensured there's a perp
Doesn’t mean it’s the wrong way to treat overseas profits…as long as expectations for their ultimate use are not too naive (as they are.)
Please, don’t leave us hanging! What do you suggest be done with those profits so as to benefit the “working class Americans”? Of course, you will have to exclude from that group ANY stock holders (including all forms of retirement accounts) or any other group that may benefit directly or indirectly. Please be as specific as possible.
And, of course, one presumes that the foul system that created this situation in the first place (and thus deprived all Americans of those tax receipts) will be corrected.