'Hoping' Employers Will Stimulate Economy Is Not Enough

By James Edward Maule (May 15, 2018, 6:05 PM EDT) -- It came as no surprise to read the report that Apple has increased its dividend payment and is investing $100 billion to buy back stock, which will drive up the per-share stock price and increase earnings per share without increasing earnings. Where is Apple getting the money to do this? If you answer "tax cut," you are correct. The writer of the article notes that "Lawmakers have been hoping Apple and other companies would use the overseas cash to create more jobs in the U.S. and spend more on other projects that will help accelerate economic growth." That makes me laugh. Lawmakers are hoping? Perhaps lawmakers should have been studying, reading, learning, analyzing and thinking. Perhaps lawmakers should have been writing. What should they be reading? This, from my blog post "How To Use Tax Breaks to Properly Stimulate an Economy"[1]:...

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