Only one question.
1. What happens when you give corporations a $1 trillion tax cut?
Answer:
US companies, led by Lowe's (LOW) and AbbVie (ABBV), rewarded shareholders by unveiling $34.4 billion in buybacks last week, according to TrimTabs Investment Research. That lifted repurchase announcements above $1 trillion for the first time ever, TrimTabs said, exceeding the prior record of $781 billion set in 2015.They give it to their own shareholders!
What did you think they'd do? Pass it down to their workers? Expand their business? Create new jobs? You'd have to be an idiot to think that!
I hope you've enjoyed this economics quiz.
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