The US corporate tax cut debate
Cash-Rich Companies Set Record for Buybacks
Tax Cuts, Corporate Profits and Stock Prices
The Entire Economy Is MoviePass Now. Enjoy It While You Can.
Astonishing stats from the NYT piece:
“Over all, 76 percent of the companies that went public last year were unprofitable on a per-share basis in the year leading up to their initial offerings, according to data compiled by Jay Ritter, a professor at the University of Florida’s Warrington College of Business. That was the largest number since the peak of the dot-com boom in 2000, when 81 percent of newly public companies were unprofitable. Of the 15 technology companies that have gone public so far in 2018, only three had positive earnings per share in the preceding year, according to Mr. Ritter.”
Paul Krugman’sinteresting op-ed:
Economist Justin Wolfers on corporate tax cuts