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Technology Stocks : Apple Inc.
AAPL 226.80+0.5%Oct 4 9:30 AM EDT
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JP Sullivan
Stock Puppy
To: Moonray who wrote (211027)10/29/2021 11:56:32 AM
From: Art Bechhoefer2 Recommendations   of 213037
 
I wonder whether proposed legislation for a 1% tax on buybacks will discourage companies like Apple from buying back their own shares. More broadly, I wonder whether this kind of tax really does anything constructive in terms of raising tax revenue and addressing the widening gap between incomes of very wealthy and low to middle income groups – a gap that itself has been shown to reduce the growth rate of gross domestic product. There are better alternatives, but you won't find them considered by politicians, most of whom have never prepared their own income tax forms.

Art
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