cash and give it to shareholders because that s what the shareholders want and give it to them shareholders in the form of buybacks rather than dividends because as marco rubio says, the buybacks are taxed at a much lower rate than the dividends are. that s not fair that why should buybacks be taxed at a lower rate? it doesn t make a huge amount of sense. i m sympathetic to what rubio is doing here. his proposal is likely to sink the minute it comes out because it s hard to effect in practice. but buybacks are a way of getting around the taxes which do exist. that s unfair. it s worth pointing out you can do all of these things. apple has doubled 80s r & d spening. > research and development. hiring people left and right all over the country,able new headquarters, designing new products. sure a lot of work is being done overseas, as well. it s a global corporation. they ve done the biggest buyback in history and they pay a dividend. it s not a black or white yes or
find to minimize their taxes. legally. we have an answer as citizens as people as opposed to corporations the answer is to save for retirement. citizens and people. save for retirement and invest. your $29 trillion right now the of u.s. everyday households have invested in i.r.a.s, 401(k)s. this is what we should be working on. instead of rube goldberg contraptions the shuman sanders proposal saying a company has to pay a $15 minimum wage before they can do a buyback. i don t know how that s enforced. why even have buy backs be part of the conversation? in you want to do a nationally mandated minimum wage, just do that. you don t need the pinball that hits the dominos that blows the fans. we can attack that or we can have policy that pushes more people toward being able to save and invest. that is a better use of our energy than to try to divine