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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: UpNorthJoe   😊 😞
Number: of 84361 
Subject: Re: Economic Disconnect
Date: 08/29/23 8:04 PM
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"I know - but honestly, that article has a "if I have a hammer everything looks like a nail" vibe to it"

I never got that vibe off of it. Remember the "supply chain bottlenecks" that were touted as one of the causes of inflation ? Workers were sent home because of Covid, driving supply down and prices up. That issue has been resolved. Then it was Cargo ships que'd up off of Long Beach that couldn't get unloaded, that's been resolved. We don't seem to have seen any price reductions after these major issues have been resolved, why is that ? I think CEO/Corp greed. You think otherwise, and that's fine, free country.

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From that article, on the subject of stock buybacks:
"For example, Lowe's, the home improvement chain, spent "$34.9 billion repurchasing its own stock over the past three and a half years." That's enough money to give each of its 301,000 U.S. employees a bonus of $46,923. Instead, the median Lowe's worker makes less than $30,000 per year. The buybacks enriched Lowe's CEO Marvin Ellison, who owns $103 million in company stock, other top executives, and investors. "
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The tax code and laws have been rigged, no check that, they've been written by the lobbyists for the benefit of the wealthiest corporations and individuals in America. Working-class Americans do not get next to any benefit from their employer buying back stock. But the corporate suite people sure do.
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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