When the Fed buys securities to lower interest rates, they do it with the intent of business using the opportunity to create jobs. That isn’t happening. U.S. corporations are more worried about Trans-Pacific Partnership (TPP) creating jobs in Vietnam than America. What they’re doing with the low rates is buying back their own shares thus raising the price of their stock by limiting the supply. Hey, they just happen to own millions of those shares. There’s no evil intent here. Please look elsewhere.
Like Neil Young, I support Bernie Sanders for president. He wants to create a transaction tax for Wall Street. Those low rates that corporations are benefiting from are bought and paid for by U.S. citizens. People are sacrificing returns on their retirement for the benefit of others and I can guarantee you that their intent was not to let some corporate leader pocket it. If Bernie gets his way, those corporate leaders will pay a hefty tax bill when they try and milk the system and those type of shenanigans will end. Vote for Bernie.
Larry Lugar, Boise
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