The tax break that this company received, they used to buy back their stock to inflate numbers for the stock holders. The is purely a case of the rich getting richer.
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March 2009, stock was 22.80.
July 2016 stock was 43.50.
But that's misleading, cause it looks like only a 90% increase, when actually with dividends it was a 180% increase.
Wait till you try to find a job paying close to whay you make. The picture you paint about that great economy is a bit off.
Uh, at what point over the last ten years has the stick price risen?
The tax breaks we not targeted, so they can be used for anything. Even if they buy back stock, the money doesn't disappear, that money goes into the hands of who they bought the stock from and into the economy elsewhere. It raises the stock value, which the whole point of the company is to increase shareholder value, not provide jobs. Regardless of AT&T, the economy added 312,000 jobs in December, wage growth last year was up 2.9% which is higher than inflation, and taxes should be lower this year. Basically, everyone is getting richer.
I love the either management troll or foreign worker H1b troll on here who keeps downvoting all posts critical of foreign workers. Leave. Please. Go back to your s-#%hole country!
Yup. Give a tax break to T, they layoff AMERICAN EMPLOYEES, and hire cheap foreign workers offshore and H1b visas! Seems fair to Americans! Keep up the good work, asshats!