No kidding.........

Today, corporations are not investing because shareholders pressure managers to deliver immediate returns and because industries are so consolidated that dominant firms don’t actually need to invest or innovate to remain competitive. Private investors are not putting their money into productive new enterprises, but rather are earning their returns from the sky-rocketing value of assets—stocks, financial products, real estate, art—that can be passed down to future generations.

What this means is that businesses have plenty of profits, but they’re not using those funds to do things that actually create jobs or grow the economy. Instead of funding new research to create better products, expanding operations to boost jobs or increasing wages, these businesses are instead choosing to give money to shareholders—a practice that benefits short-term investors but not the workers who make the company run. A massive tax cut to corporate profits will increase that pool of available money, while also increasing the returns to short-term investors now tempted by an even bigger potential payout.

When not rewarding shareholders directly, businesses have been busy buying up other firms. By providing companies more cash on hand, the GOP tax bill would likely mean even more mergers, which frequently result in cuts to jobs, the erection of barriers for small business and the curbing of consumer benefits. Activist investors will have greater incentive to push for such mergers as the super-rich see a chance to pass un-taxed estates on to the next generation.

The GOP tax plan will exacerbate these trends, increasing shareholder payouts at the expense of creating jobs. As a result, middle-class Americans will face both tax increases and a weaker safety net.
Unless You’re Rich, the Economy Is Not Working for You. And the GOP Tax Plan Will Only Make It Worse