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Are corporate profits anomalously high, and will it last? Or revert?
@daniellea You will eventually understand what the sources of tax revenue in the US are, there's no need for that understanding to happen today. -
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Are corporate profits anomalously high, and will it last? Or revert?
@daniellea The US Treasury agrees with me -
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Are corporate profits anomalously high, and will it last? Or revert?
@daniellea I expect corporate taxes to go up and up, somebody has to pay for the cost of the aging of the boomers and workers already pay the bulk of the federal taxes. About rates though... as past capital misallocations become known due to the decade of negative real rates... the Fed will... -
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Are corporate profits anomalously high, and will it last? Or revert?
@km2018 Same. That means that with low rates no longer available, rolling over that debt pile will become quite a chore, eating into profits.