Walttriznastories's Blog

OPINIONS & OBSERVATIONS

June 30, 2018 at 9:41 pm 1 comment

A LOOK INTO THE FUTURE, PERHAPS
I know, I know, this blog is meant to benefit writers on trying to get published. But there is so much ‘stuff’ going on in our country that I find it difficult to concentrate on this blog’s purpose, and for that matter, on this country’s current purpose.
I will return with information for writers. I promise. But I cannot ignore what is happening to the country I love, why it is happening and what the future may hold.

Shortly after the new tax bill was passed, I read or heard a prediction. Unfortunately I cannot quote the source. But the prediction was you would be able to tell which companies were using the new-found wealth to benefit their company and improve the economy. You could also identify the companies who didn’t give a shit about the economy or their workers. There only aim was to benefit the stock holders by buying back their stock.
The information that follows is from an article written by Stan Choe of the Associated Press. I read the article in the Daily Local New, a Pennsylvania paper 6/28/18. In this article he states:
“Stock repurchases hit 189.1 billion dollars in the first quarter for S&P 500 according to preliminary results from S&P Dow Jones Indices. That tops the prior record of 171.9 billion set during the summer of 2017, just before the Great Recession struck.”
There is a great deal more information in the article, and if you are interested in this country’s future, check it out.
This country has become a fiction which I cannot believe.
I tried to find the article to include in this piece. It’s like it disappeared.

Entry filed under: OBSERVATIONS & OPINIONS, Walt Trizna. Tags: buyback, Daily Local News, ecomomy, Stan Choe, tax bill, taxes, trickle down.