Thursday, May 3, 2018

Apple and the Fruits of Tax Cuts

[T]he great bulk of stock value is held by a small, wealthy minority — 10 percent of the population owns 84 percent of the market. So the perception that this is basically a tax cut for the rich is right.

The bottom line — which will remain true no matter how much the Kochs spend trying to convince you otherwise — is that what looks like a big giveaway to wealthy investors is, in fact, a big giveaway to wealthy investors.

Apple and the Fruits of Tax Cuts

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