Companies had claimed that tax cuts would boost economic growth so
Today on CNBC they did a report on what companies were doing with their tax cuts to boost economic growth. Today they reported on Morgan Stanley. When asked, MS said that they were spending 43% of their Tax Cuts on Stock Buybacks and 17% on Capital Expenditures. When asked how the Stock Buybacks would boost the economy and increase wage growth, MS responded that "these earnings come from previous years earnings so you're going to see more Stock Buybacks than wage growth this year because that money is past earnings. In the future you should see a rise in wage growth."
My guess would be that in subsequent years they will continue to manipulate earnings and there will be no economic growth to speak of for wage growth then, either. Unless of course the government gives them another Tax Cut designed to boost the economy and increase wage growth. Suckers 
= new reply since forum marked as read
