There were some stats floating around after the massive 210-280BN detaxation for rich people here in France, and it was that a whopping 3% was reinvested.
Comment on Alphabet selling very rare 100-year bonds to help fund AI investment
FauxPseudo@lemmy.world 2 days ago
A company with $130 billion in cash reserves is floating 100 year bonds.
So much for billionaires reinvesting profits to trickle down in the economy. Now they hold onto profits, calling in suckers to bet for them and not promising results until all of them are dead.
Valmond@lemmy.dbzer0.com 1 day ago
obviouspornalt@lemmynsfw.com 2 days ago
Well, you should consider that they plan to spend ALL of that cash on hand, PLUS the amount they have to borrow. And they plan to spend all of that in 2026. Their capex expenditures are planned to exceed their estimated operating cash flow.
FauxPseudo@lemmy.world 2 days ago
Guess I won’t be upgrading my phone this year. And neither will you. Or anyone.
ThunderQueen@lemmy.world 1 day ago
…you know that was always how trickle down eonomics was going to be, right? Ift has never ad will never work
FauxPseudo@lemmy.world 1 day ago
I’m not arguing for trickle down. I’m using their own arguments against them.
roscoe@lemmy.dbzer0.com 2 days ago
We’ve all heard “it takes money to make money.” But rich people know it’s better to use other people’s money.
vacuumflower@lemmy.sdf.org 1 day ago
It’s better to use what you can use.