The supporters of the federal tax reform and reduction bill, claim that reducing tax rates will actually increase revenue. The unproven theory posits that corporations will use the tax savings to increase investment in plant, equipment and wage increases. This hope ignores the fact that consumer demand drives corporate investment. Consumers are the ultimate job creators.
If spare cash is the panacea for slow growth, a look at the spare cash on hand for the following sample businesses begs the tax reduction point.
Apple-$262B
Microsoft-$135B
Alphabet (Google)-$95B
Cisco-$68B
Oracle $66B
GE-$44B
Amgen-$39B
Qualcom-$38B
Et al.
http://www.businessinsider.com/chart-us-companies-with-largest-cash-reserves-2017-8
Paul Hunter
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