Scorecard so far with the Trump Tax cuts:
Capital expenditures increased all of 3%, while stock buybacks increased 22%.
Since passage of the Tax Cuts and Jobs Act of 2017, corporation have used $6B on bonuses and pay increases to workers, compared $171B in buying back stocks to increase share price.
Basically the republicans have committed the country to increase the national debt by $1-2 trillion dollars in order to stoke the stock market. Stock prices are rising not because companies are intrinsically worth more based on economic factors but because money is flooding the system and has nowhere else to go.
http://www.marketwatch.com/story/now-we-know-where-the-tax-cut-is-going-share-buybacks-2018-02-22
http://money.cnn.com/2018/02/16/investing/stock-buybacks-tax-law-bonuses/index.html
http://theintercept.com/2017/12/19/tax-bill-corporate-cut-stock-buyback-republican/
I really don't think this is going to end well.
- -
| 
