Random Thought of the Day
RINO Marco Rubio is now joining Bernie Sanders in attacking corporate stock buybacks. Stock buybacks are a simple way to return cash to shareholders in a way that improves future returns more than dividends. If a company buys back 5 percent of its stock, earnings per share immediately increases by slightly more than 5 percent, and future earnings are spread among a smaller amount of shares. Warren Buffett, who has built a $100 billion fortune from nothing, is one of the biggest proponents of timely buybacks. When government imposes higher corporate taxes, attacks buybacks, increases regulation, or takes other anti-capitalism measures, it stifles the ability of stockholders to earn decent returns. That doesn’t just affect the 1 percenters. It also affects anyone who directly or indirectly owns stock, including 401k’s, IRA’s, life insurance policies, pensions, college 529 plans, and so on. In America, even lower income individuals can become millionaires by discipline savings and stock market investing. By detracting from the ability of corporations to make money, Bernie, Marco, and other doofuses do nothing more than keep the lower/middle income classes from ever advancing.
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