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by jf271
3605 days ago
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The S&P is growing because companies are borrowing to buy back their stock. It is illegal stock manipulation but that law is no longer enforced. This makes money that used to be taxed as dividends eligible for capital gains treatment and it taxed at a lower rate than it would be as dividends. this lowers tax income to the government. A downward spiral with no end in sight. |
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