Daily Clips: May 12, 2017
To cut taxes on the rich Mitch McConnell is ok w/ Trump cover-up of Russia probe
Why Trumponomics (see trickle down) won’t make America great again
The economist who helped write Trump’s tax plan in five Days
Quantitative easing, stock buybacks and other stuff
So, while stock buybacks and QE aren’t exactly the same they are similar in the sense that their efficacy is contingent on the specific environment and the implementation. There will be times when this is a good idea and times when there’s just better ways to implement policies that try to move the private sector needle in one direction or another.
Trickle Downer of the Week: The American CEO
The average S&P 500 CEO pulled in $13.1 million last year, a 5.6 percent increase from 2015. Meanwhile, the average employee only made $37,362. Think about that: Your typical head honcho makes nearly as much in one day as his typical employee makes in a year.
