But bargaining for a permanent tax increase in the hopes that the stock prices go higher ad infinitum is a fools wager.
The Moment Gary Cohn Realized His Entire Economic Policy Is A Disaster
But bargaining for a permanent tax increase in the hopes that the stock prices go higher ad infinitum is a fools wager.
I believe the corporate tax reduction is permanent.
If you are indeed a pilot then you are in a union. This makes claims of being a capitalist kinda susceptible.
The answer is to change the deductibility of corporate debt for tax purposes- companies borrow to fund tax buybacks to inflate the share prices for the vested shares held by executives; and waste money on ego driven M&A.
If the tax laws made corporate debt punitive, companies would need to practice sound governance to expand-and find the expansions by using shares. In that case share prices would more closely represent enterprise value rather than froth and bubbles.