I saw an interview with Apple's CEO and he said the decision was in part due to the new tax plan, and in part, other considerations.
Here's a little more detailed account. https://www.fool.com/investing/2018/01/17/apple-incs-350-billion-commitment-to-the-us-econom.aspx
The problem in my view is this. Everyone has to benefit, both business', large and small, and consumers (the average Joe) , for a plan to work long term. If not, you get a surge, but it's not sustainable.
We've seen that playout a number of times in the past.
In fact, corporate profits have been at an all time high for a long time, and we haven't seen that "trickle down".
During that same period, wages have all but stagnated, and benefits have been stripped away.
We'll have to wait to see how this all plays out long term.... This time.
Posted 128 day(s) ago