JerryS
I would call this hoarding. How about you?
https://apnews.com/article/438fae12f9204b1fbd8e8b1985ae554f
Not really hoarding, but definitely did exactly what most predicted they’d do with the cuts.
That is why there needs to be some sort of incentivized tax breaks and not across the board. If the hope is for companies to reinvest, tax cuts should be tied to reinvestment. Not just hoping they will do so.
Looking at that list, I no doubt “made more” in retirement income than whatever small tax cut I would have seen if going directly to an income tax break. I imagine is the case of most people with retirement investments as well. Most of us with retirement and other investments have a sliver of a fraction of what the billionaires have invested though. Then there are the working class that don’t have retirement or other investments that aren’t seeing anything from this, besides the inflation that it adds. Suckers... So, no doubt of who benefitted the most. Whether it fits the exact definition of hoarding or not. It is how things will be the next 4 years. Better to just play the game and enjoy your share of the cut for now. Likely be very short lived.