President Joe Biden’s push to quadruple the tax on corporate stock buybacks could act as a stealth tax on people’s pension funds, explained Breitbart Economics Editor John Carney in anof the one percent surcharge on stock buybacks during his State of the Union address, as Carney explained in Tuesday’s Breitbart Business Digest:
“They seem to believe that when you buy back a stock, the money sort of goes up in flames. It can’t get reinvested. They complain that it’s hurting growth. They say they want the money invested in growth and productivity. Guess what happens when you return money to shareholders? They invested in growth and productivity,” Carney explained.
“We actually don’t want companies going out wasting it on boondoggles,” Carney added. “It’s much better to distribute it out to shareholders [and] have the collective wisdom of the markets decide where the capital is going to go rather than some CFO or CTO deciding where the money’s going to go.”
carney Quoting Breitbart: when you are too lazy to type a sentence stating that you are gullible, foolish and corrupt.
carney Another devastating hit for the working class. So much for Lunchbucket, working man, coal mining good ole Scranton Joe The Democrats seem Hellbent on ruining the Middle class
carney Crazy Joe.
carney Rob Peter, to pay Joe Biden
carney When the Republicans get smart enough to start answering this craziness they might start winning.
carney Nothing good coming mes from these people.
carney This concept should be D.O.A.
carney He’s already crushed my 401K and every fill-up has been at least $1-$3.50 more per gallon since early in his presidency, but hey- let’s stay the course!
carney Buybacks don’t do anything except inflate a Stocks value for the executives. Dividends return value to the owners of the stock.
carney LOL, BreitbartNews concerned about people's pension funds. If you were seriously concerned about the average person's pension funds - which hardly exist btw - you would realize the plan is for Wall Street to separate the average person from what little funds they have.
carney Yeah, that why they are going after tips.
carney More theft...no surprise but...more anger
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