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Will the Looming Fiscal Cliff Push the Rich’s Riches Even Higher?
Year-end dividends to shareholders could be quick windfall.
While you might have read about the possibility of the United States going over the fiscal cliff, the impending crisis may benefit some of the richest people in the country, according to a story on Quartz’s website. The article posits the theory that the potential of the U.S. government possibly raising taxes on dividends is causing corporate America to release some of its almost $1.8 trillion in cash and liquid assets in the form of dividends to shareholders. The Wall Street Journal is cited in the piece, bolstering the idea, and a quote from a Financial Times article is reprinted, stating that “a record 103 companies have announced they will pay special dividends before the end of the year.” The Financial Times quote goes on to say the …
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Linda P.
10:14 pm on Sunday, December 2, 2012
Eric S. is right on the mark! The answer to the defiance & usury by corps. toward the govt. & masses, will only come, when the masses take action. 1st, GAAP (corp. accting principals) must be changed radically! 2nd Step is overturning "Citizens United!" Rewrite Fed Regs to pre-Reagan era. Until corps. can gain from more than just dollar profits, they wont operate for public benefit. Why do we: … more ›