Sunday, May 6, 2018

Spending for tomorrow

Opponents of the tax cuts complain that it's tilted toward top earners.
Just a little going to the average man.
But what are the top companies doing with the extra money?
Spending on the future.
 Among the 130 companies in the S&P 500 that have reported results in this earnings season, capital spending increased by 39 percent, the fastest rate in seven years, data compiled by UBS AG show. Meanwhile, returns to shareholders are growing at a much slower pace, with net buybacks rising 16 percent. Dividends saw an 11 percent boost.
Just what the tax cut is supposed to do - grow the future.
Not the government.

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