Tuesday, December 19, 2017

Jobs


Trump is focused on jobs:




Backgrounder on Immediate Expensing here at Slate. iirc Capex for SP500 is running around $350B/year...



6 comments:

Ryan Harris said...

Depreciation makes perfect sense in an abstract academic/regulatory world in reality it creates perverse incentives for business.

db68 said...

Same old same old. trump is a fucking asshole and couldn't give two shits for the people, except his rich buddies whom are also fucking assholes. Stock market doing great? big fucking deal, how is that gonna help with joe six fucking pack having no god damn insurance? Fuck him and the fucking horse he rode in on. On second thought fuck him, the horse had nothing to do with it. And also fuck all the useless assholes who just passed the 1.6 trillion tax cut (oh no, what about the deficit! Oh yeah, its meaningless bullshit meant to keep the working stiffs in line.

Matt Franko said...

Deficit is probably going to go down a bit as the corporate sector is losing the ability to save/hoard USD balances in offshore entities to avoid taxes....

Matt Franko said...

Trumpcare proposed a $4k USD tax credit to help pay for healthcare.... got shot down...

Noah Way said...

The tax cut is multi-purpose. Not only does it reward those who already have waaaay to much, it provides a reason (budget deficits) to eliminate those wasteful social programs (like social security and Medicare) because "we can't afford them".

Just wait and see ...

Matt Franko said...

Only if the tax cuts foment an increase in the propensity for non govt to save USDs....

The corporate tax increse on offshore earnings will remove a current financial incentive to save by that sector.... we’ll have to see wrt the other sectors in non govt...